RPT-UPDATE 2-India's Tech Mahindra plans 12.74-mln-share IPO

Newswire

(Repeats story issued late on Wednesday) (Adds details, quotes, analyst comment, background) By Janaki Krishnan MUMBAI, June 21 (Reuters) - Tech Mahindra Ltd., a venture between India's Mahindra & Mahindra Ltd. (M&M) and UK's BT Group Plc. , said on Wednesday it plans to sell 12.74 million shares through an initial public offering. The issue would trim BT Group's stake in Tech Mahindra to 33.95 percent from 38.56 percent, and bring down M&M's stake to 45.01 percent from ...

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