BT completes sale of Tech Mahindra
Telecoms giant BT has completed the sale of its 9.1 per cent stake in Tech Mahindra to institutional investors.
Telecoms giant BT has completed the sale of its 9.1 per cent stake in Tech Mahindra to institutional investors.
The total gross cash proceeds from the sale are £115.7m, which is expected to be treated as an income statement specific item in the company's next financial results.
The share price fell 0.13% to 236.40p by 09:53.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How to invest in frontier markets
Frontier markets can be extremely risky, but they offer access to exotic stocks in rapidly developing countries
By David C. Stevenson Published
-
Should you put your trust in investment trusts?
British investors have steered clear of investment trusts in recent years. They are missing a trick, says Max King
By Max King Published