Post transaction, Life Insurance Corporation of India (LIC) increased its shareholding to 4.86 crore equity shares or 5.001% stake from 4.85 crore equity shares or 4.992% stake. The deal was executed as a market purchase.
The IT services company reported 6.82% increase in consolidated net profit to Rs 1,378.20 crore on 18.69% rise in revenue from operations to Rs 11,450.80 crore in Q3 December 2021 over Q3 December 2020.
Tech Mahindra is focused on leveraging next-generation technologies including 5G, Blockchain, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers.
Shares of Tech Mahindra rose 0.38% to Rs 1,275.75 on BSE.
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