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BT Group PLC Completes Sale Of 14.1% Stake In Tech Mahindra
BT Group PLC announced that it has completed the sale of a 14.1% shareholding (17.9 million shares) in Tech Mahindra Ltd. (Tech Mahindra) to institutional investors for total gross cash proceeds of INR13,949 million (GBP158.6 million) at INR777.73 per share. Following this sale, BT has a 9.1% shareholding in Tech Mahindra but further sales may be considered in the future. The financial impact of the disposal is expected to be treated as an income statement specific item in BT's next financial results.
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