scorecardresearchSmallCap World Fund buys Mastek shares worth ₹96 crore

SmallCap World Fund buys Mastek shares worth 96 crore

Updated: 27 Sep 2022, 07:56 AM IST
TL;DR.

According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm.

Indian rupee banknotes arranged for a photograph at a general store in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

Indian rupee banknotes arranged for a photograph at a general store in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

(PTI) Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over 96 crore through an open market transaction.

According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm.

The shares were bought at an average price of 1,759.97 apiece, taking the transaction value to 96.74 crore.

Meanwhile, Hornbill Orchid India Fund sold 4,29,086 shares of Mastek.

Shares of Mastek closed 1.52 per cent lower at 1,731.15 on the BSE.

In a separate transaction, Elevation Capital V FII offloaded shares of KDDL Ltd for over 30 crore through the open market transaction.

Elevation Capital V FII Holdings Ltd sold 3,60,000 shares, amounting to a 2.82 per cent stake in the company, as per data available with the National Stock Exchange (NSE).

The shares were disposed of at an average price of 850 per scrip, taking the transaction value to 30.60 crore.

Capital One Partners and Axis Securities Ltd picked up 2,00,000 and 1,10,000 shares of the company, respectively.

As of June 2022, Elevation Capital V FII Holdings held a 7.92 per cent stake in the company, shareholding data showed with the bourse.

KDDL shares closed 5.06 per cent up at 920 on NSE. 

First Published: 27 Sep 2022, 07:56 AM IST