LIC buys additional 2% in Tech Mahindra via market purchases over 2 years
This story was originally published at 18:03 IST on 16 September 2025
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MUMBAI – Tech Mahindra Ltd. Tuesday said its public shareholder Life Insurance Corporation Of India Ltd. has acquired an additional 2% stake in the company through market purchases between Jun. 6, 2023, and Sept. 15, 2025. With this, the insurance company's stake in Tech Mahindra has increased to 10.8% from 8.8% earlier, the information technology company said in an exchange filing.
For the quarter ended June, Tech Mahindra reported a consolidated net profit of INR 11.41 billion on revenue of INR 133.51 billion. LIC reported a net profit of INR 109.87 billion and net premium income of INR 1.192 trillion for the June quarter. Tuesday, shares of Tech Mahindra closed 0.8% higher at INR 1,531.50 on the National Stock Exchange, while those of LIC closed 0.1% lower at INR 882.55. End
Reported by Arya S. Biju
Edited by Deepshikha Bhardwaj
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