Aurum Platz IT has also made a mandatory open offer to buy up to 74,43,720, or 26% stake in Majesco from the public at Rs 77 each, which is a premium of about 21.5% over its last traded price of Rs 63.45 on Friday.
The deal, including the open offer, is worth around Rs 90 crore.
As of 31 December 2020, the promoters held 14.78% stake in Majesco.
Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business - and the future of insurance - at speed and scale.
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