AT&T International has acquired an 8.7% stake in software firm Tech Mahindra from Mahindra-BT Investment Co for around US$34m via an off-market transaction.
AT&T purchased 9.9 million shares in the firm at Rs159.7 each through a share option signed in…
AT&T International has acquired an 8.7% stake in software firm Tech Mahindra from Mahindra-BT Investment Co for around US$34m via an off-market transaction.
AT&T purchased 9.9 million shares in the firm at Rs159.7 each through a share option signed in 2005.
Tractor major Mahindra & Mahindra is the largest shareholder in Tech Mahindra with a 43.99% stake, BT holds 30.86%.
Tech Mahindra provides technology and outsourcing services to telecom companies around the world.