MUMBAI, INDIA: Indian IT services firm Tech Mahindra Ltd said on Friday it had debt of 17.4 billion rupees ($378 million) at the end of December.

The company also said it repaid 4.5 billion rupees of debt in the December quarter, and added a net 3,889 employees in the period.

Earlier, the company reported a 22 percent fall in quarterly profit, weighed down by interest costs on borrowings to fund its acquisition of Satyam Computer Services.

Ahead of the announcement, shares in Tech Mahindra, which has bought a 42.7 per cent stake in fraud-tainted Satyam Computer and later renamed it as Mahindra Satyam, ended 2.8 per cent higher at 1,135.35 rupees in the Mumbai market .BSESN that fell 1.1 percent.