With reference to your email dated December 02, 2021 w.r.t. captioned news item, we hereby submit that Company, as a matter of policy, does not comment on media speculation/ reports.
The Company (on its own or through its subsidiary companies) evaluates various opportunities of restructurings, alliances/ acquisitions and other similar avenues as per its requirements in the ordinary course of business. As a responsible corporate that follows the highest standards of corporate governance, the Company is fully conscious of its disclosure obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is committed to act in consonance with the same.