Mastek’s material wholly owned subsidiary -- Mastek (UK) has sold its partial holding of 2,02,183 shares in Majesco (USA) for cash consideration of $ 1.59 million, in the open market on NASDAQ on January 8, 2020. This will help the company to drive its growth strategy.
After the completion of the aforesaid partial share sale, stake of the company in Majesco (USA) will stand reduced to 20,18,192 shares from existing 22,20,375 shares.
Mastek together with its subsidiaries provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
