Tech Mahindra (TechM), a specialist in digital transformation, consulting and business re-engineering witnessed a fall in share price on Friday after it has signed a definitive agreement to acquire global network services, leader Lightbridge Communications Corporation (LCC) for an enterprise value of approximately USD 240 million, subject to regulatory approvals. The transaction is expected to close by Q4 of Tech Mahindra's 2015 Fiscal Year.

Shares of the company are trading at Rs 2,672.75, down Rs 31.45, or 1.16% at the Bombay Stock Exchange (BSE) on Friday at 10:41 a.m.

The scrip has touched an intra-day high of Rs 2,741 and low of Rs 2,662.25. The total volume of shares traded at the BSE is 45,818.