MTNL Clarifies Share Price Movement is Market Driven

Mahanagar Telephone Nigam Limited (MTNL) has responded to stock exchanges regarding recent price fluctuations in its equity shares. The company stated that all material information impacting its operations and performance, including price-sensitive data, has been duly disclosed to the NSE and BSE as per SEBI (LODR) Regulations, 2015. MTNL asserts that there is no pending information or announcement from its side that would explain the price movement. Consequently, the company attributes the share price movement purely to market conditions and deems it a market-driven event, with no connection to the company's management.