16 Sep 2025 | 5 Mins Read
LIC Raises Stake in Tech Mahindra to Over 10.8%
Flipitmoney
LIC increased its stake in Tech Mahindra by 2% through the open market, acquiring 1.96 crore shares between June 06, 2025, and September 15, 2025. This raised its overall stake to 10.84% or 10.61 crore shares, crossing the 10% threshold. Promoters hold 35%, while FII and DII own 23.3% and 32.3%, respectively. Jefferies reduced its target price to ₹1,315 due to AI adoption impacting revenue.