BT selling $100 mnn stake in Tech Mahindra: sources
BT Group Plc
BT, which had a 23 percent stake in Tech Mahindra at end-June, is expected to cut its stake by about 5 percent through the share sale, said the sources, declining to be named as the process is not public yet.
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The Tech Mahindra shares are being sold in the price band of Rs 735 to Rs 790 each, the sources said, a discount of about 5 percent to 12 percent from its Wednesday close price of Rs 834.90.