Mastek announced that the closing formalities in relation to the share purchase agreement for acquisition of 100% equity shares of Trans American Information Systems Private have been completed and consequently, Trans American Information Systems Private Limited has become a wholly owned subsidiary of the Company.

Further the company inform that Digility Inc., U.S., an overseas first level step down subsidiary of the Company, has completed the acquisition of TaisTech LLC, USA and Trans American Information Systems Inc. USA. Pursuant to the said acquisition, TaisTech LLC, USA and Trans American Information Systems Inc. USA have become wholly owned subsidiaries of Digility Inc., U.S. and consequently, they have also become step down wholly owned overseas subsidiaries of the company.

Shares of the company gained Rs 1.45, or 0.87%, to trade at Rs 167.70. The total volume of shares traded was 15,388 at the BSE (10.07 a.m., Friday).