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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.

by: moneyweek
12 Dec 2012

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.

NR

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