AT&T sells 7% stake in Tech Mahindra - MarketLine Financial Deals

AT&T sells 7% stake in Tech Mahindra

AT&T sells 7% stake in Tech Mahindra - MarketLine Financial Deals
AT&T sells 7% stake in Tech Mahindra
Published Apr 29, 2010
3 pages — Published Apr 29, 2010
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Abstract:

AT&T, Inc., a US-based telecommunication services company, has raised INR6,600 million ($147 million) by selling around 7% of its stake in Tech Mahindra Limited at INR762.4 ($17.1) per share. Pursuant to the transaction, Life Insurance Corporation of India (LIC) has acquired 7.36 million shares, representing a 6.02% stake, in Tech Mahindra from the open market for INR5614 million ($125.95 million).

  
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MA24143_100430
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "AT&T sells 7% stake in Tech Mahindra" Apr 29, 2010. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/AT-T-sells-7-stake-in-Tech-Mahindra-2052-32095>
  
APA:
MarketLine Financial Deals. (2010). AT&T sells 7% stake in Tech Mahindra Apr 29, 2010. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/AT-T-sells-7-stake-in-Tech-Mahindra-2052-32095>
  
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