Mastek UK sells partial stake in Majesco USA to drive growth strategy

Mastek announced that its UK subsidiary, Mastek (UK) has sold partial stake of 8,24,500 shares in Majesco (USA) for a cash consideration of USD 6.49 million in open market on NASDAQ on 07 January 2020.

Accordingly, after the completion of the aforesaid partial stock sale, stake of Mastek (UK) in Majesco (USA) will stand reduced to 22,20,375 shares from existing 30,44,875 shares.

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