Mastek plans to sell 12% stake held in Majesco
15th Apr 2019

Mastek is planning to sell its 12% stake held in its former subsidiary Majesco by the end of 2019 and deploy the cash for acquisitions, as it aims a fourfold growth in business in the medium-term.

Majesco and Mastek demerged in 2014 but the latter continues to hold 12% stake in the former.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide.