Mastek surges after its arm completes acquisition of 100% membership interest in BizAnalytica LLC
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Mastek is currently trading at Rs. 2100.80, up by 22.75 points or 1.09% from its previous closing of Rs. 2078.05 on the BSE.
The scrip opened at Rs. 2075.05 and has touched a high and low of Rs. 2108.20 and Rs. 2060.00 respectively. So far 3203 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2254.40 on 19-Jul-2023 and a 52 week low of Rs. 1475.45 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2199.55 and Rs. 2033.10 respectively. The current market cap of the company is Rs. 6439.87 crore.
The promoters holding in the company stood at 36.57%, while Institutions and Non-Institutions held 19.28% and 44.15% respectively.
Mastek’s wholly owned first level step-down subsidiary -- Mastek Inc has paid the entire amount and completed the acquisition of 100% Membership Interest of BizAnalytica LLC in the USA. Accordingly, BizAnalytica LLC has become a wholly-owned subsidiary of Mastek Inc.
The company has also paid the entire amount and completed the acquisition of the identified assets and liabilities including the business in terms of the Business Sale Agreement for the slump purchase from BizAnalytica Solutions LLP, an Indian entity and India affiliate of BizAnalytica LLC, USA.
Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.
