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Capital Group's upper arm markets 5% risk in IT firm Mastek for Rs 475 crore Business News

.2 min read through Final Upgraded: Sep 04 2024|11:51 PM IST.Financial services business Funds Group on Wednesday offered a 5.6 percent concern in Mastek for over Rs 475 crore via open market purchases while ICICI Prudential Stock fund got a concern in the IT services business.Los Angeles-headquartered Funding Group with its own partner EuroPacific Development Fund offloaded 17,19,117 allotments, totaling up to a 5.6 percent stake in Mastek Ltd, based on the bulk deal information readily available on the BSE.The shares were taken care of at an average cost of Rs 2,766.36 each, taking the purchase worth to Rs 475.57 crore.Patronus Tradetech likewise sold 217 allotments of Mastek at Rs 2,845.23 per piece.ICICI Prudential Mutual Fund, Ghisallo Professional Fund LP and also Patronus Tradetech LLP acquired a total amount of 12.34 lakh portions of Mastek in the rate array differing coming from Rs 2,751-2,767.51 apiece, taking the bundled deal value to Rs 340.40 crore.Information of the buyers of Mastek's shares can not be actually identified.Shares of Mastek dropped 4.67 per-cent to finish at Rs 2,769.70 each on the BSE.Last week, Mastek announced a critical alliance with Onyx Health, an inventor in healthcare interoperability solutions.The collaboration aims to accelerate the adoption of FHIR (Prompt Health Care Interoperability Funds) standards, driving improved records interoperability as well as much better health outcomes for patients, the business pointed out.( Only the title and also image of this document may possess been remodelled due to the Company Standard team the remainder of the content is actually auto-generated coming from a syndicated feed.) Initial Published: Sep 04 2024|11:51 PM IST.