Bajaj Allianz Life Insurance Company has offloaded 3.99 lakh shares of Mastek through bulk deals. The shares were sold on an average price of Rs 125 valuing the transaction at Rs 4.98 crore.
Meanwhile, Morgan Stanley Asia (Singapore) Pte bought three lakh shares of Mastek for Rs 3.75 crore. As of March 31, 2013, Bajaj Allianz Life Insurance Company held 8.69 lakh shares or 3.53% stake in Mastek.
Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the optimum potential of its clients' business. Its vertical focus includes insurance (Life, Pensions and General), Government/Public Sector, and Financial Services sectors.
