Zensar says no disclosure needed on reported Mastek buyout
ZENSARTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Smallcap 250 and 2.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Zensar Technologies replied to NSE queries about a Times of India report that it was the frontrunner to acquire Mastek in a USD 900 million deal. The company stated it has no information requiring disclosure under SEBI Regulation 30, is not aware of any undisclosed price-sensitive details, and the article has no material impact as of date.
Company neither confirms nor denies the Mastek deal report. Stock may see volatility as markets had speculated on a deal; a non-confirmation could trigger a pullback.