Small Cap World Fund 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.
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).
Capital One Partners and Axis Securities Ltd picked up 2,00,000 and 1,10,000 shares of the company, respectively.
Mastek is an enterprise digital & cloud transformation specialist for customers across 40 countries, including the UK, Europe, US, Middle East, Asia Pacific and India. The IT stock is down about 42% in 2022 (YTD) so far.
As per the recent shareholding pattern on the BSE, Indian ace investor and stock market trader Ashish Kacholia holds 1.83% equity stake or 5,50,000 shares in Mastek as of June 2022 end. Kacholia has a varied portfolio that includes hospitality, education, infra, manufacturing and chemical stocks and is known for his ability to pick quality stocks in the midcaps and smallcaps segment.