MoneyWorks4Me

Mastek plans to sell 12% stake held in Majesco

15 Apr 2019 Evaluate

Mastek is planning to sell its 12% stake held in its former subsidiary Majesco by the end of 2019 and deploy the cash for acquisitions, as it aims a fourfold growth in business in the medium-term.

Majesco and Mastek demerged in 2014 but the latter continues to hold 12% stake in the former.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.

Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
View more..