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Mastek Limited Initiates Voluntary Liquidation of Evosys Kuwait WLL

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Mastek Limited Initiates Voluntary Liquidation of Evosys Kuwait WLL

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The latest announcement is out from Mastek Limited ( (IN:MASTEK) ).

Mastek Limited announced the voluntary liquidation of its step-down subsidiary, Evosys Kuwait WLL, under local Kuwait laws. The business operations of this non-material subsidiary have been transferred to other group subsidiaries in the region. This move is not expected to impact Mastek’s consolidated revenue, business, or profitability, as Evosys Kuwait WLL accounted for a small percentage of the company’s overall financials.

More about Mastek Limited

Mastek Limited operates in the IT services industry, providing enterprise-level software solutions and digital transformation services. The company focuses on enhancing business capabilities through innovative technology solutions, catering to diverse sectors and markets.

YTD Price Performance: -18.40%

Average Trading Volume: 7,839

Current Market Cap: 74.61B INR

See more insights into MASTEK stock on TipRanks’ Stock Analysis page.

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