December 22, 2017 / 12:12 PM / 9 months ago

BRIEF-India's Tech Mahindra Buys Further 32.07 Pct Stake In Comviva Technologies

Dec 22 (Reuters) - Tech Mahindra Ltd:

* ACQUIRED FROM BHARTI GROUP FURTHER STAKE OF 22.14 PERCENT FOR CONSIDERATION OF 2.27 BILLION RUPEES

* CO IN PROCESS OF BUYING FROM WESTBRIDGE VENTURES II INVESTMENT HOLDINGS, STAKE OF 9.93 PERCENT FOR 1.02 BILLION RUPEES IN CASH

* SAYS ACQUISITION OF FURTHER STAKE OF 32.07 PERCENT IN COMVIVA TECHNOLOGIES LTD

* SAYS POST DEAL, CO WILL HOLD 99.17 PERCENT STAKE IN COMVIVA TECHNOLOGIES LTD Source text - bit.ly/2BkX6NG Further company coverage:

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