LIC Increases Stake in Tech Mahindra to Over 2%; Share Price in Focus

Life Insurance Corporation of India (LIC) has raised its stake in Tech Mahindra to 10.84%, as per the regulatory filings. The insurer bought 1.96 (1,96,28,171) crore shares, equal to 2.004%, through open market transactions made between June 6, 2023, and September 15, 2025. Before this, LIC held 8.836% in the IT firm.

Shareholding Pattern

At the end of June 2025, promoters held 35% of Tech Mahindra, with Mahindra & Mahindra owning 25.33%. Public shareholders owned 65%. Mutual funds together accounted for 16.51%. Insurance firms held 13.59%, which included LIC at 10.31% and SBI Life Insurance at 1.01%.

Tech Mahindra Q1FY26 Earnings Results

In Q1 FY26, Tech Mahindra posted a net profit of ₹1,140.6 crore, up 34% from ₹851.5 crore in the same quarter last year. Revenue rose 2.7% year-on-year to ₹13,351 crore, compared with ₹13,005 crore in Q1 FY25. EBIT for the quarter stood at ₹1,477 crore, also up 34% year-on-year.

LIC and Tech Mahindra Share Price Performance

As of September 17, 2025, 09:19 AM, LIC share price was trading at ₹884.70, a 0.25% increase from the previous closing price.

At the same time, Tech Mahindra share price stood at ₹1,528, a 0.23% decrease from the previous close price.

Read more: LIC Share Price Falls 15% YoY in FY25, Hurting 22 Crore Investors!

Conclusion

The additional purchase takes LIC’s shareholding in Tech Mahindra to over 10%. The firm reported year-on-year growth in profit, though its stock is yet to recover past highs.

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