Mastek rises 2% on Mastek UK's partial stake sale in Mastek USA









Mastek Limited intimated the exchange about the sale of Mastek (UK)'s partial holding of 8,24,500 shares in Majesco (USA) for a cash consideration of $6.49mn in the open market on NASDAQ on January 7, 2020.
The sale will help Mastek (UK) Ltd. drive its growth strategy.
Accordingly, after the completion of the aforesaid partial stock sale, the stake of Mastek (UK) Limited in Majesco (USA) will stand reduced to 22,20,375 shares from existing 30,44,875 shares. 
Mastek Ltd is currently trading at Rs430 up by Rs7.7 or 1.82% from its previous closing of Rs422.30 on the BSE.
The scrip opened at Rs412.85 and has touched a high and low of Rs438.60 and Rs412 respectively. So far 1,08,171 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs1,018.27cr.





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