Government may hand over MTNL operations to BSNL and not …
WEBThe government is considering to just hand over operations of the public sector telecom operator MTNL to the bigger BSNL instead of merging the two, Times of India reported, citing unidentified...
India may intervene for interest payment of MTNL's other bonds, …
WEBMUMBAI, July 15 (Reuters) - Indian bond market participants are expecting the government to help towards the payout of the interest and principal for Mahanagar Telephone Nigam Ltd (MTNL.NS)...
Govt to pay cash-starved telco MTNL’s $5.1 billion bond bill
WEBJul 25, 2024 — The Indian government will cover all future bond payments for Mahanagar Telephone Nigam Ltd. due to a liquidity crisis. The loss-making company has 426.8 billion rupees ($5.1 billion) of interest and principal repayments due on local-currency bonds guaranteed by the government by 2034.
MTNL stock skyrockets 19% to multi-year high as govt deposits …
WEBJul 18, 2024 — Shares of Mahanagar Telephone Nigam Limited (MTNL) skyrocketed 19 percent to hit a multi-year high at Rs 63.32 on NSE amid heavy volumes. The shrap rally comes after the government deposited Rs...
MTNL stock soars 19% as govt deposits Rs 92 cr to pay bond …
WEBJul 18, 2024 — Shares of Mahanagar Telephone Nigam Limited (MTNL) hit a multi-year high at Rs 63.32, as they zoomed 19 per cent amid heavy volumes on the BSE in Thursday’s intra-day trade after the government deposited Rs 92 crore to clear immediate bond interest dues of the state-owned telecom service provider.
India to Deposit $11 Million for Telco MTNL’s Timely Debt Pay
WEBJul 16, 2024 — The Indian government will deposit about 941 million rupees ($11.3 million) in an escrow account to ensure timely interest payment on state-owned Mahanagar Telephone Nigam Ltd.’s local-currency ...
Govt starts process to delist MTNL for merger with BSNL
WEBMar 8, 2023 — In a bid to pave way for a merger between Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), the government has started the process to delist the latter from the stock exchanges....
'No comment': MTNL clarifies on 'BSNL agreement' report; stock …
WEBJul 16, 2024 — MTNL share price: Today, the stock jumped 13.64 per cent to hit a fresh one-year high of Rs 55.67. It eventually settled 8.90 per cent higher at Rs 53.35. At this price, the scrip has gained...
Government may delist MTNL to merge with BSNL - ET Telecom
WEBFeb 15, 2023 — The government is looking into the process of delisting state-run telecom carrier Mahanagar Telephone Nigam Limited (MTNL) ahead of the merger with another state telecom firm Bharat Sanchar Nigam ...
A $576 Million Bond Bill Looms for India’s MTNL Amid Fund Crunch
WEBJul 15, 2024 — A $576 Million Bond Bill Looms for India’s MTNL Amid Fund Crunch. State telecom operator lacks funds to service debt this week; Company’s liquidity position has worsened, Care Ratings says