After AT&T sold its entire 7% stake in the IT arm of the M&M Group, Tech Mahindra, it is now the turn of the technology giant British telecom to look at options of diluting around the same level of 7% stake in Tech Mahindra. Sources in the industry confirm that the company is into exploratory talks to dilute close to 7% stake in Tech Mahindra.

The sources even confirm that the company has invited several EOUs (Expressions of Interest) to sell a part of its total stake. It may be noted here that BT hold close to 30.83% in Tech Mahindra currently and the stake sale is pegged at Rs 617.76 crore at the current market price of Tech Mahindra's share price which is trading around the Rs. 720 levels.

BT is also the largest customer of Tech Mahindra that accounts for more than 50% f the total revenues that the company generates in the Indian market.

However, Tech Mahindra's CEO said that Tech Mahindra hasn't received any official communication from BT so far o the same while BT was not available for comment.