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What is the story about?
Shares of Mastek Ltd. rose as much as 4% on Tuesday, December 2, after this CNBC-TV18 exclusive with regards to a potential promoter stake sale.
Sources tell CNBC-TV18 that the Mastek promoter group is exploring the sale of nearly 20% stake in the company. This is significant, because the promoters currently hold about 36%, based on the September shareholding, and a stake sale of this magnitude could meaningfully reshape the shareholding structure.
People in the know added say the promoters are seeking a premium of up to 25% over the current market price. CNBC-TV18 also understands that the timing of this sale has two big triggers - succession planning and a broader effort to bring leadership stability after a year of major top-deck changes.
Mastek has been through a transition-heavy year. The company appointed Umang Nahata as CEO, effective January 2025. The finance function has also seen back-to-back leadership shifts, Raghavendra Jha became CFO in May 2025, and Deepak Kedia took over as CFO in November 2025.
So the potential stake sale is being viewed by many as part of a larger reset, the one that aims to give the company a steadier foundation as it leans into its next phase of growth.
According to sources, the promoters are sounding out a mix of strategic investors and long-only institutional funds. That aligns with Mastek’s revenue footprint, where nearly 65% of the business comes from the UK and Europe.
Mastek was founded by Ashank Desai, Ketan Mehta, Radhakrishnan Sundar, and the late Sudhakar Ram. As always, we did reach out to the company for a response but Mastek declined to comment on CNBC-TV18’s queries.
Shares of Mastek gained as much as 4% but cooled off from those highs. The stock is now trading 1.6% higher at ₹2,225.3. The stock is down 27% so far in 2025.
Sources tell CNBC-TV18 that the Mastek promoter group is exploring the sale of nearly 20% stake in the company. This is significant, because the promoters currently hold about 36%, based on the September shareholding, and a stake sale of this magnitude could meaningfully reshape the shareholding structure.
People in the know added say the promoters are seeking a premium of up to 25% over the current market price. CNBC-TV18 also understands that the timing of this sale has two big triggers - succession planning and a broader effort to bring leadership stability after a year of major top-deck changes.
Mastek has been through a transition-heavy year. The company appointed Umang Nahata as CEO, effective January 2025. The finance function has also seen back-to-back leadership shifts, Raghavendra Jha became CFO in May 2025, and Deepak Kedia took over as CFO in November 2025.
So the potential stake sale is being viewed by many as part of a larger reset, the one that aims to give the company a steadier foundation as it leans into its next phase of growth.
According to sources, the promoters are sounding out a mix of strategic investors and long-only institutional funds. That aligns with Mastek’s revenue footprint, where nearly 65% of the business comes from the UK and Europe.
Mastek was founded by Ashank Desai, Ketan Mehta, Radhakrishnan Sundar, and the late Sudhakar Ram. As always, we did reach out to the company for a response but Mastek declined to comment on CNBC-TV18’s queries.
Shares of Mastek gained as much as 4% but cooled off from those highs. The stock is now trading 1.6% higher at ₹2,225.3. The stock is down 27% so far in 2025.
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