Jan 13, 2017 11:12 AM IST IST | Source: Moneycontrol.com

Mastek gains 2%, completes acquisition of Trans American Info

The company has completed the acquisition of 100 percent equity shares of Trans American Information Systems and consequently, it has become a wholly owned subsidiary of the company.

Moneycontrol Bureau

Share price Mastek gained more than 2 percent intraday Friday as it has completed the acquisition of Trans American Information Systems.

The company has completed the acquisition of 100 percent equity shares of Trans American Information Systems and consequently, it has become a wholly owned subsidiary of the company.

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 the said acquisition, TaisTech LLC and Trans American Information have become wholly owned subsidiaries of Digility Inc., US and they have also become step down wholly owned overseas subsidiaries of Mastek.

The company's board meeting is scheduled to be held on January 17, to consider and take on record the unaudited financial results for the quarter and nine months ended December 31, 2016.

At 10:51 hrs Mastek was quoting at Rs 168.10, up Rs 1.85, or 1.11 percent on the BSE.

Posted by Rakesh Patil
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