Mastek's Demerged Insurance Arm Majesco Surges 5% on Debut

Shares of Majesco Limited, the demerged insurance company of Mastek, hit the 5 per cent upper circuit limit of Rs 331.80 in its stock market debut. Majesco Limited opened at Rs 316 and at its day's low hit Rs 305 on the NSE. On BSE, Majesco shares were locked in the upper circuit band of 5 per cent, giving it a valuation of Rs 742.56 crore. Under a corporate restructuring, IT services company Mastek had hived off its insurance pro...