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LIC bought 1,96,33,146 shares, or 2.015% equity, at an average cost of Rs 1,050.77 via open market purchase during the period from 21 November 2022 to 6 June 2023.
Tech Mahindra is focused on leveraging next-generation technologies including 5G, blockchain, cybersecurity, artificial intelligence, and more, to enable end-to-end digital transformation for global customers.
LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.
Shares of LIC were up 1.11% at Rs 607.95 while Tech Mahindra shed 0.21% to Rs 1,093.35 on the BSE.
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