Tech Mahindra has categorically denied market rumours suggesting a potential significant reduction in its workforce. The company addressed these speculations following calls and social media posts that have circulated, asserting that no such proposal is under consideration.
The clarification was made public in a communication to the stock exchanges, with Tech Mahindra emphasising its adherence to the Securities and Exchange Board of India’s (SEBI) disclosure norms. The company assured stakeholders that it remains committed to complying with all relevant regulations under the SEBI Listing Obligations and Disclosure Requirements.
Tech Mahindra has also made this statement available on its official website for public access. The move aims to quell any uncertainties among investors and other stakeholders regarding the company’s employment strategies.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.