BT reduces stake in Tech Mahindra through $251 million block

After completion of the deal, which was enlarged from the original base size of $100 million, BT says it may consider further sales in the future.
<div style="text-align: left;"> BT cuts its stake in India’s Tech Mahindra to 9.1% (AFP) </div>
<div style="text-align: left;"> BT cuts its stake in India’s Tech Mahindra to 9.1% (AFP) </div>
August 31, 2012

British Telecommunications (BT) has sold a Rs13.9 billion ($251 million) stake in Tech Mahindra through a block trade, more than halving its holdings in the Indian company.

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