Mastek & Deloitte End Joint Venture

Mastek Ltd has informed that the Company and Deloitte Consulting LLP, a subsidiary of Deloitte & Touche USA LLP, announced that Deloitte Consulting LLP had acquired the Companys interest in their joint venture. Under the terms of an agreement, the Company sold its entire equity interest in the joint venture, Mastek - DC Offshore Development Company Pvt Ltd, to affiliates of Deloitte Consulting LLP. The five-year-old joint venture was created to deliver a wide range of technology integration and related solutions for US clients of Deloitte Consulting. Around 500 professionals employed in Mumbai will remain employees of the existing entity.