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Capital Group's arm markets 5% stake in IT firm Mastek for Rs 475 crore Provider News

.2 minutes went through Last Improved: Sep 04 2024|11:51 PM IST.Financial services firm Funding Team on Wednesday sold a 5.6 per cent stake in Mastek for over Rs 475 crore through competitive market transactions while ICICI Prudential Mutual Fund got a risk in the IT services business.Los Angeles-headquartered Funding Group through its partner EuroPacific Development Fund unloaded 17,19,117 portions, amounting to a 5.6 percent risk in Mastek Ltd, as per the majority deal data readily available on the BSE.The portions were dealt with at a common price of Rs 2,766.36 apiece, taking the deal value to Rs 475.57 crore.Patronus Tradetech also sold 217 portions of Mastek at Rs 2,845.23 each part.ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP obtained an overall of 12.34 lakh allotments of Mastek in the rate variety varying from Rs 2,751-2,767.51 each, taking the consolidated deal market value to Rs 340.40 crore.Details of the purchasers of Mastek's portions could possibly certainly not be actually determined.Portions of Mastek declined 4.67 per-cent to end at Rs 2,769.70 each on the BSE.Recently, Mastek revealed a key alliance with Onyx Health and wellness, a pioneer in medical care interoperability answers.The cooperation aims to speed up the adoption of FHIR (Rapid Healthcare Interoperability Resources) requirements, driving improved data interoperability as well as far better health results for people, the provider pointed out.( Only the title and also image of this document might possess been reworked by the Company Criterion workers the remainder of the content is actually auto-generated coming from a syndicated feed.) First Published: Sep 04 2024|11:51 PM IST.