Smallcap World Fund buys 554,000 shares of Mastek for Rs 117 crore

Smallcap World Fund Inc on Monday purchased 5.54 lakh shares of IT company Mastek Ltd for Rs 117 crore through an open market transaction.

According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund Inc bought 5,54,883 shares of the company.

The shares were acquired at an average price of Rs 2,109.96 apiece, valuing the transaction size at Rs 117.07 crore.

Meanwhile, Ashish Kacholia sold 5.50 lakh shares of Mastek for Rs 2,110 per scrip.

Shares of Mastek closed 3.55 per cent higher at Rs 2,175.50 on NSE.

In a separate transaction, ace investor Ashish Kacholia bought 3.72 lakh shares of petrochemical company Agarwal Industrial Corporation Ltd for Rs 19 crore through an open market transaction.