Mastek has sold its partial shareholding in Majesco, USA. An initial 20,00,000 shares were sold for $15.94 million and the balance of 30,44,875 is intended to be sold in ensuing future. The net proceeds from the sale will be reinvested into the growth of the company as part of its committed Vision 2020 strategy.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
