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Capital Team's arm sells 5% stake in IT firm Mastek for Rs 475 crore Provider Headlines

.2 minutes read Last Upgraded: Sep 04 2024|11:51 PM IST.Financial solutions firm Funding Group on Wednesday sold a 5.6 per cent risk in Mastek for over Rs 475 crore via free market deals while ICICI Prudential Mutual Fund picked up a concern in the IT solutions provider.Los Angeles-headquartered Funding Group through its partner EuroPacific Growth Fund offloaded 17,19,117 portions, totaling up to a 5.6 percent concern in Mastek Ltd, according to the mass bargain records available on the BSE.The reveals were disposed of at an average price of Rs 2,766.36 apiece, taking the deal market value to Rs 475.57 crore.Patronus Tradetech likewise marketed 217 shares of Mastek at Rs 2,845.23 per part.ICICI Prudential Stock Fund, Ghisallo Master Fund LP and also Patronus Tradetech LLP obtained a total amount of 12.34 lakh shares of Mastek in the price array differing from Rs 2,751-2,767.51 apiece, taking the combined deal worth to Rs 340.40 crore.Information of the buyers of Mastek's allotments could possibly certainly not be determined.Shares of Mastek dropped 4.67 percent to end at Rs 2,769.70 each on the BSE.Recently, Mastek revealed an important collaboration along with Onyx Health and wellness, a pioneer in health care interoperability answers.The collaboration strives to quicken the fostering of FHIR (Fast Health Care Interoperability Resources) specifications, steering boosted records interoperability and much better wellness results for patients, the provider said.( Merely the heading and picture of this report might have been remodelled by the Business Standard personnel the rest of the information is auto-generated coming from a syndicated feed.) First Published: Sep 04 2024|11:51 PM IST.