Life Insurance Corporation of India (LIC) has increased its stake in Tech Mahindra to 10.84% through a market purchase. The acquisition involved 19,628,171 shares, bringing LIC’s total holding to 106,186,709 shares. The purchases occurred between June 6, 2023 and September 15, 2025. Prior to this, LIC held 8.836% of Tech Mahindra.
LIC Increases Holding in Tech Mahindra
Life Insurance Corporation of India (LIC) has acquired additional shares of Tech Mahindra, increasing its stake in the company. The transactions were executed through market purchases over a period from June 6, 2023 to September 15, 2025.
Details of the Acquisition
The acquisition involved a total of 19,628,171 shares. This purchase increased LIC’s total shareholding in Tech Mahindra from 86,558,538 shares representing 8.836% of the total share/voting capital, to 106,186,709 shares, which now represents 10.84% of the share/voting capital.
Impact on Share Capital
The equity share capital/ total voting capital of Tech Mahindra before and after the acquisition remains unchanged at 4,89,60,39,425.00.
Source: BSE
