Mastek’s arm receives $32.30 Million on sale of stock in Majesco USA
21st Oct 2020

Mastek’s material wholly-owned subsidiary -- Mastek (UK) who was holding 20,18,192 stocks in Majesco (USA) , has tendered its entire stake with the Acquirer of Majesco (USA) for cash, and has received the consideration aggregating to $32.30 Million on October 19, 2020. The said amount will help Mastek (UK) to drive its growth strategy and reduce the borrowings.

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