Tech Mahindra Ltd.

Tech Mahindra’s Executive Vice Chairman Vineet Nayyar has offloaded 547,208 shares, more than half of its holding, of the company via open market for Rs 91.81 crore. After selling these shares, Nayyar now holds 500,000 shares in the company, representing 0.21% stake.

Prior to the share sale, Nayyar held 0.45% stake in the Mumbai-based company.

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.