Mastek zooms on selling its partial shareholding in Majesco

13 Dec 2019 Evaluate

Mastek is currently trading at Rs. 379.00, up by 20.75 points or 5.79% from its previous closing of Rs. 358.25 on the BSE.

The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 391.50 and Rs. 368.00 respectively. So far 50715 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 508.50 on 27-May-2019 and a 52 week low of Rs. 295.00 on 17-Oct-2019.

Last one week high and low of the scrip stood at Rs. 391.50 and Rs. 352.00 respectively. The current market cap of the company is Rs. 911.70 crore.

The promoters holding in the company stood at 45.61%, while Institutions and Non-Institutions held 18.09% and 36.30% respectively.

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.

Mastek Share Price

2559.95 46.75 (1.86%)
28-Mar-2024 16:01 View Price Chart
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