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
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Farming isn't for the faint-hearted – and isn't profitable
Opinion Farming may look appealing, but turning a profit is extremely hard. No wonder many farmers are attracted to the Sustainable Farming Incentive, says Max King
-
Rising FTSE 100 gives Rachel Reeves a win, for now
Opinion The FTSE 100 index of leading shares has broken through 9,000 for the first time. That’s not as impressive as it appears, and its future is looking grim.