TTK Prestige stock surges after reaching long-term settlement with Khardi manufacturing unit workmen

The workmen have undertaken not to indulge in disruptive activities henceforth and have also accepted improved productivity norms.

Aug 23, 2021 11:08 IST India Infoline News Service

TTK-Prestige
TTK Prestige has announced that a Long-Term settlement has been reached with the permanent workmen at our manufacturing unit at Khardi, Maharashtra.

In its regulatory filing, TTK said that according to this settlement the Lock-out declared by the management on 17 November 2020 has been lifted with effect from 20 August 2021. The workmen have undertaken not to indulge in disruptive activities henceforth and have also accepted improved productivity norms.

"Normalised manufacturing operations are expected to commence during the week beginning 23 August 2021," TTK said.

At around 11.42 AM, TTK Prestige was trading at Rs9025.25  per piece up by Rs59.40 or 0.7% on Sensex. 

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