SmallCap World Fund buys nearly 550k Mastek shares worth over Rs 96 cr ...Middle East

Economy by : (Business Standard) -
Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at an average price of Rs 1,759.97 apiece, taking the transaction value to Rs 96.74 crore. Meanwhile, Hornbill Orchid India Fund sold 4,29,086 shares of Mastek. Shares of Mastek closed 1.52 per cent lower at Rs 1,731.15 on the BSE. In a separate transaction, Elevation Capital V FII offloaded shares of KDDL Ltd for over Rs 30 crore through the open market transaction. Elevation

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