IT firm Mastek's arm sells partial stake in Majesco USA
„Mastek UK (material wholly-owned subsidiary of Mastek) intimated us about sale of its partial holding of 2,02,183 shares in Majesco USA for cash consideration of USD 1.59 million, in the open market on NASDAQ on January 8, 2020,“ the IT firm said in a filing to BSE.
This will help Mastek UK to drive its growth strategy, the company said.
„After the completion of the aforesaid partial shares sale, stake of Mastek UK in Majesco USA will stand reduced to 20,18,192 shares from existing 22,20,375 shares,“ it said.
If you want to read more Technology articles, you can visit our Technology category.
if you want to watch movies go to Film.BuradaBiliyorum.Com for Tv Shows Dizi.BuradaBiliyorum.Com, for forums sites go to Forum.BuradaBiliyorum.Com .