Mastek moves up on acquiring 100% stake in Meta Soft Tech Systems
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Mastek is currently trading at Rs. 2110.50, up by 15.75 points or 0.75% from its previous closing of Rs. 2094.75 on the BSE.
The scrip opened at Rs. 2110.00 and has touched a high and low of Rs. 2133.45 and Rs. 2090.60 respectively. So far 1558 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3666.00 on 19-Oct-2021 and a 52 week low of Rs. 1851.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2200.60 and Rs. 2080.85 respectively. The current market cap of the company is Rs. 6298.03 crore.
The promoters holding in the company stood at 37.31%, while Institutions and Non-Institutions held 13.72% and 48.96% respectively.
Mastek has completed the acquisition of 100% Shareholding of Meta Soft Tech Systems. Accordingly, Meta Soft Tech Systems has become a Wholly Owned Subsidiary of the company.
Recently, the board of directors at its meeting held on July 18, 2022 had approved signing a definitive agreement to acquire 100% of the Equity Shares of Meta Soft Tech Systems.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
