August 30, 2012
Global telecom giant British Telecom on Thursday sold 14.1 per cent stake in Tech Mahindra to institutional investors for about Rs.1,395 crore and said it would consider further share sale in the Indian IT firm in future.
U.K.-based BT Group (British Telecommunications Plc) is a co-promoter of Tech Mahindra, with the other being Indian business conglomerate, the Mahindra and Mahindra Group.
These shares have been picked up by institutional investors.
Tech Mahindra has risen from 777 to 1804 (Aug 2012 to Jan 2014). An outperformer, mainly based on integration with Satyam that worked very well.
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