Dec 12, 2012, 02.13 PM | Source: Reuters
Tech Mahindra rose as much as 4.9 percent on Wednesday after a block sale of 9.3 million shares, widely seen as coming from BT , fetched a higher-than-expected price.
BT was set to sell its 9.1 percent stake in the Indian IT services provider on Wednesday at a floor price of 855 rupees, according to a term sheet seen by Reuters.
The National Stock Exchange reported on Wednesday a block sale at 871 rupees per share. The exchange did not name the seller, but traders widely attributed it to BT.
Tech Mahindra shares were up 4.3 percent as of 9:28 a.m.
Ashwani Gujral of ashwanigujral.com is of the view
Sales are expected to increase by 1.2 percent Q-o-
Sales are expected to decrease by 0.4 percent Q-o-
Tech Mahindra has informed that the 29th Annual Ge
Vineet Nayyar, Executive VC, Tech Mahindra does no