Software firm Mastek Ltd said on Monday, Nalanda India Fund Ltd has acquired 5.2 percent stake in the company through market purchases, to take its shareholding to 9.99 percent.
Nalanda India Fund, floated by private equity firm Nalanda Capital, has a corpus of $400 million, its website said.
Shares in Mastek were up more than 3 percent at 220.10 rupees in a weak Mumbai market.(Reuters)