Mastek in the green
By
Research Desk
about 7 years ago
Mastek is in the limelight today. The stock rose almost 2.5% to Rs.170.20; it has come off this level to Rs.168 levels. Its 52-week high is at Rs.185.35.
The company announced that it has completed acquisition of 100% equity shares of Trans American Information Systems and consequently it has now become its wholly owned subsidiary.
Mastek has said further that Digility Inc., US, an overseas first level step down subsidiary of Mastek, has completed the acquisition of TaisTech LLC, USA and Trans American Information Systems Inc. USA. Post this, both these companies have become step down wholly owned overseas subsidiaries of Mastek.
The company will be announcing its Q3 numbers on 17th January.