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Mastek Ltd’s wholly owned subsidiary Mastek UK Ltd has signed a multi-year framework agreement for IT services in the UK with an initial minimum commitment of £8 million which is expected to materially improve its revenues in the forthcoming years.
The deal will involve Mastek absorbing the transitioning cost of approximately £0.4 million during the next quarter July-September 2011.
Meanwhile, during the early trade on the NSE, the company’s scrip was trading at Rs 120/share (previous close Rs 106.45), an increase of 12.73 per cent.
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