Foreign institutional investors (FIIs) have reduced shareholding in Tech Mahindra to 37.49% at the end of March 2015 quarter from 38.11% as on December 31, 2014. Moreover, domestic institutional investors (DIIs) have also reduced shareholding in the company by 101 basis points to 10.41% at the end of March 2015 quarter from 11.42% as on December 31, 2014. Meanwhile, Non Institutions were holding 15.39 percent stake at the end of March 2015 quarter, up 166 basis points from 13.73 percent as on Dec 31, 2014.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.