Life Insurance Corporation of India (LIC) has increased its shareholding in IT services firm Tech Mahindra by nearly 2% through open market purchases, the insurer said in a regulatory filing.
Between June 6 and September 15, 2025, LIC acquired 1.96 crore shares of Tech Mahindra, taking its total holding to 10.84% or 10.61 crore shares. With this move, the insurance giant’s stake in the Mahindra Group company has crossed the 10% threshold.
Shareholding Pattern
According to Trendlyne data, LIC has been invested in Tech Mahindra since 2015. As of the June quarter, the company’s promoters (Mahindra & Mahindra) held a 35% stake, while foreign institutional investors (FIIs) and domestic institutional investors (DIIs) owned 23.3% and 32.3% respectively. The remaining 9.4% of the shares were held by retail investors.
Among domestic mutual funds, Kotak Flexicap Fund, ICICI Prudential Technology Fund, and Tata Digital India Fund are among the key holders of Tech Mahindra shares.
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