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Capital Group's arm offers 5% risk in IT secure Mastek for Rs 475 crore Business Headlines

.2 minutes read through Last Improved: Sep 04 2024|11:51 PM IST.Financial services provider Financing Team on Wednesday sold a 5.6 percent stake in Mastek for over Rs 475 crore with free market purchases while ICICI Prudential Mutual Fund picked up a risk in the IT services company.Los Angeles-headquartered Funds Group via its own partner EuroPacific Development Fund offloaded 17,19,117 reveals, amounting to a 5.6 per-cent stake in Mastek Ltd, according to the mass bargain records accessible on the BSE.The portions were thrown away at a common cost of Rs 2,766.36 each, taking the purchase market value to Rs 475.57 crore.Patronus Tradetech additionally offered 217 reveals of Mastek at Rs 2,845.23 per piece.ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and also Patronus Tradetech LLP got an overall of 12.34 lakh allotments of Mastek in the rate range differing from Rs 2,751-2,767.51 each, taking the mixed purchase worth to Rs 340.40 crore.Information of the buyers of Mastek's portions can not be pinpointed.Portions of Mastek dropped 4.67 percent to end at Rs 2,769.70 apiece on the BSE.Recently, Mastek revealed a critical relationship with Onyx Health, a trailblazer in health care interoperability answers.The partnership targets to expedite the adopting of FHIR (Prompt Health Care Interoperability Resources) specifications, steering enriched data interoperability as well as far better health results for people, the firm pointed out.( Merely the title and also picture of this report may possess been remodelled by the Organization Criterion personnel the remainder of the material is auto-generated from a syndicated feed.) 1st Published: Sep 04 2024|11:51 PM IST.