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Mumbai March 11 Software services firm Mastek Ltd and Deloitte Consulting said they have ended their joint venture partnership in India.

Mastek has sold its entire equity stake in Mastek-DC Offshore Development Company Pvt Ltd to affiliates of Deloitte for an undisclosed amount.

Mastek had forged a joint venture in 2001 with Deloitte Consulting to offer India-based software services in areas such as application development, systems implementation and information technology outsourcing.

In a statement, Mr Doug Lattner, Chairman and Chief Executive, Deloitte Consulting, said, "It is now time to further our offshore capabilities and our purchase of Mastek's interest is a demonstration of that commitment."

The shares of Mastek dropped by 0.95 cent on the BSE to close at Rs 297 on Friday.

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