UPDATE 1-Mahindra to buy up to 5.5 pct in TechM from BT


* Says agreed to waive pre-emption for remaining BT holding * BT owns about 30 pct of Tech Mahindra (Adds details) MUMBAI, Nov 26 (Reuters) - India's Mahindra & Mahindra said on Friday it had agreed to buy up to 5.5 percent in its IT services unit Tech Mahindra from BT Group Plc over time and at a market-related price. Tech Mahindra, which provides information technology services to the telecoms industry, is a unit of tractor and utility vehicle maker Mahindra & Mahindra. BT ...

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