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Mastek is currently trading at Rs. 2210.00, up by 39.10 points or 1.80% from its previous closing of Rs. 2170.90 on the BSE.

The scrip opened at Rs. 2185.10 and has touched a high and low of Rs. 2222.40 and Rs. 2148.75 respectively. So far 13142 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. 2254.40 and Rs. 1974.60 respectively. The current market cap of the company is Rs. 6675.08 crore.

The promoters holding in the company stood at 36.75%, while Institutions and Non-Institutions held 17.94% and 45.31% respectively.

Mastek has received approval from board of directors to sign definitive agreement i.e. Business Sale agreement for the slump purchase of the identified assets and liabilities including the business of BizAnalytica Solutions, an Indian entity and India affiliate of BizAnalytica LLC USA.

BizAnalytica Solutions LLP is an offshore service provider and is mainly engaged in the data cloud and modernisation related support/manpower services. The slump purchase including all Identified Assets and Liabilities to be bought for a consideration of around Rs 10.50 crore (equivalent to $1.28 million), subject to satisfactory fulfillment and accomplishment of certain conditions precedent, completion of customary agreements, corporate and regulatory approvals under applicable laws in terms of Business Sale Agreement. The indicative time period for completion of the acquisition is expected to be, on or before September 30, 2023, or within extended time as may be agreed mutually. The Board of Directors, at their meeting held on July 19, 2023, has approved the same. 

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.