With reference to the news item appearing in a leading financial daily titled “Tech Mahindra bags $ 700m deal from BT”, Tech Mahindra Ltd has clarified to BSE that the Company often in discussions / negotiations with multiple customers / prospects to secure business. The Company is currently in exclusive discussions with BT to secure a contract in relation to a potential transaction but it has not entered into any $700m contract with BT as reported by the media. The Company is also bound by confidentiality obligations in relation to the contracts under negotiation.