TTL clarifies price movement due to promoter stake sale efforts

Tamilnadu Telecommunications Limited (TTL), a joint venture sick company with no current operational activity, issued a clarification regarding recent share price movements. The company attributes the fluctuations to its promoter's decision to sell its stake in TTL. The promoter, a government company, has initiated a tender process to find prospective buyers, publicizing this intent through various means. All these activities are undertaken with the consent of the government, and the information is already in the public domain.