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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

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BT mulls sale of India's Tech Mahindra stake: FT

HONG KONG
Wed Aug 27, 2008 5:43am EDT

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HONG KONG (Reuters) - BT Group (BT.L) is considering the sale of its 31 percent stake in India software services company Tech Mahindra (TEML.BO), the Financial Times reported on Wednesday, after the UK telecoms company decided the holding does not fit its long-term strategy.

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Citing people with knowledge of the matter, the paper said the UK-based telecoms group may sell all or a large part of its stake in the joint venture, which has a market capitalization of about $2.2 billion.

(Reporting by Michael Flaherty; Editing by Ken Wills)
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