SmallCap World Fund acquires 1.82 % stake in Mastek

27 Sep 2022 , 09:01 AM

Through an open market transaction, Small Cap World Fund purchased shares of software company Mastek Ltd. on Monday for more than Rs96 crore. SmallCap World Fund Inc. acquired 5,49,676 shares of the business, or 1.82 % of it, according to bulk trade data made available by the BSE.

The average price paid for the shares, which brought the transaction value to Rs96.74 crore, was Rs1,759.97 per share. In the meantime, 4,29,086 shares of Mastek were sold by Hornbill Orchid India Fund. On the BSE, Mastek shares ended the day 1.52 % down at Rs1,731.15.

Elevation Capital V FII sold shares of KDDL Ltd. for about Rs30 crore in a separate transaction on the open market. According to statistics accessible with the National Stock Exchange, Elevation Capital V FII Holdings Ltd sold 3,60,000 shares, equivalent to a 2.82 % ownership in the business (NSE).

The shares were sold at an average price of Rs850 per share, bringing the total transaction value to Rs30.60 crore. 2,00,000 and 1,10,000 shares of the firm were purchased, respectively, by Capital One Partners and Axis Securities Ltd. Elevation Capital V FII Holdings owned 7.92% of the firm as of June 2022, according to ownership information filed with the stock exchange. On the NSE, KDDL shares finished 5.06 % higher at Rs920.

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