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Capital Team's arm sells 5% concern in IT secure Mastek for Rs 475 crore Provider News

.2 minutes read through Last Updated: Sep 04 2024|11:51 PM IST.Financial services firm Financing Group on Wednesday sold a 5.6 percent concern in Mastek for over Rs 475 crore by means of free market deals while ICICI Prudential Investment fund picked up a risk in the IT solutions provider.Los Angeles-headquartered Capital Team through its partner EuroPacific Development Fund offloaded 17,19,117 shares, amounting to a 5.6 per-cent risk in Mastek Ltd, as per the bulk offer data available on the BSE.The allotments were actually taken care of at a typical price of Rs 2,766.36 apiece, taking the purchase value to Rs 475.57 crore.Patronus Tradetech additionally sold 217 portions of Mastek at Rs 2,845.23 each piece.ICICI Prudential Stock Fund, Ghisallo Professional Fund LP and Patronus Tradetech LLP got a total amount of 12.34 lakh allotments of Mastek in the price range differing from Rs 2,751-2,767.51 apiece, taking the mixed transaction value to Rs 340.40 crore.Information of the customers of Mastek's shares could not be determined.Shares of Mastek declined 4.67 percent to end at Rs 2,769.70 apiece on the BSE.Recently, Mastek introduced a critical collaboration with Onyx Health and wellness, a pioneer in medical care interoperability remedies.The partnership targets to speed up the adoption of FHIR (Rapid Health Care Interoperability Assets) standards, driving improved information interoperability and also much better wellness results for clients, the firm stated.( Only the heading and photo of this file may possess been remodelled by the Business Criterion personnel the remainder of the content is auto-generated coming from a syndicated feed.) Very First Released: Sep 04 2024|11:51 PM IST.