Auto giant Mahindra & Mahindra on Friday said it has agreed to acquire 5.5 per cent of IT firm Tech Mahindra's stake from UK-based British Telecommunications Plc (BT). UKs largest fixed-line phone company BT holds 30 per cent stake in Tech Mahindra.
Tech Mahindra and Motorola will be investing $12.5 million in their joint venture, CanvasM, to deliver application solutions for the global network providers and enterprises.\n
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