Tech Mahindra shares fall 2 pc on lower Q2 profit

Shares in Indian outsourcer Tech Mahindra dropped more than 2 per cent on Wednesday after the company said late on Tuesday second-quarter profit fell over 10 per cent as it booked a charge related to its shareholding in Mahindra Satyam.

Shares in Indian outsourcer Tech Mahindra dropped more than 2 per cent on Wednesday after the company said late on Tuesday second-quarter profit fell over 10 per cent as it booked a charge related to its shareholding in Mahindra Satyam

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British telecom operator BT Group Plc owns about a third of Tech Mahindra.
At 9:28 a.m., Tech Mahindra was down 2.2 per cent at 768 rupees, while the main stock index was down 0.2 per cent.