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BT exits Tech Mahindra; sells 9.1% stake for Rs 1,011 cr

"BT (British Telecom) has completed the sale of its remaining 9.1 percent shareholding (11.6 million shares) in Tech Mahindra to institutional investors for total gross cash proceeds of Rs 1,011.4 crore (GBP 115.7 million) at Rs 871 per share," BT said in a statement on Wednesday.