Private equity firm buys 5.2% stake in Mastek

Private equity firm buys 5.2% stake in Mastek

Mumbai: Software firm Mastek Ltd said that Nalanda India Fund Ltd has acquired 5.2% stake in the company through market purchases, to take its shareholding to 9.99%.

Nalanda India Fund, floated by private equity firm Nalanda Capital, has a corpus of $400 million, its website said.

Shares in Mastek were up more than 3% at Rs220.1 in a weak Mumbai market.

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