BT completes sale of Tech Mahindra stake
Telecommunications titan BT has completed the sale of a 14.1 per cent stake in Tech Mahindra to institutional investors, leaving the company with a 9.1 per cent holding.
Telecommunications titan BT has completed the sale of a 14.1 per cent stake in Tech Mahindra to institutional investors, leaving the company with a 9.1 per cent holding.
The sale was made for £158.6m, which is expected to be treated as an income statement specific item in the company's next financial results.
The share price was down 0.32% to 219.20p by 15:39.
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.
-
8 of the best converted properties for sale now
The best converted properties for sale – from an apartment in the former Hartley’s Jam factory on London’s Southbank, to a converted 18th-century mill in Itteringham, Norfolk
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time