AT&T exits stake in Tech Mahindra: Sources
Terms were not immediately available but a stock exchange statement on Wednesday said 4.3 million shares in Tech Mahindra, or 3.5% of the company, had been sold in a block trade at Rs797.80 each.
US telecoms giant AT&T has sold its remaining stake of roughly 7.5% in IT services firm Tech Mahindra, mostly to Life Insurance Corp of India, sources with direct knowledge of the deal said.Terms were not immediately available but a stock exchange statement on Wednesday said 4.3 million shares in Tech Mahindra, or 3.5% of the company, had been sold in a block trade at Rs797.80 each.Citigroup handled AT&T's share sale.