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MTNL BOND DUES
MTNL fails to deposit interest on sovereign guarantee bonds in escrow accountAs per the structured payment mechanism of Tri-Partite Agreement (TPA) signed among MTNL, the Department of Telecommunications (DoT), Beaco...- MTNL bank loan default reaches Rs 8,659 crore in JulyMahanagar Telephone Nigam Limited faces financial strain. The telecom company defaulted on loan repayments. The amount is 86.59 billion rup...
- MTNL defaults on bond repayment due on August 24MTNL has once again failed to repay its bond payment due on August 24, citing insufficient funds in its escrow account. Despite the default...
- MTNL defaults on bond repayment due on August 24MTNL has once again failed to repay its bond payment due on August 24, citing insufficient funds in its escrow account. The telecom firm wa...
- MTNL defaults on interest payment for sovereign guarantee-backed Rs 6,100 cr bondsDebt-ridden state-owned telecom operator MTNL has failed to make interest payments of sovereign guarantee-backed Rs 6,100 crore bonds as pe...
- Banks grappling with increasing losses from MTNLLate on Saturday last week, MTNL said it had defaulted on loan repayments of more than ₹8,346 crore to multiple banks led by Union Bank of ...
- MTNL shares rally over 13% after clarification on bond paymentMTNL shares jumped nearly 14% after the company confirmed the government would honor bond payments following a default. Due to insufficient...
- Govt steps in to pay interest on MTNL bondMTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series...
- Punjab and Sind Bank classifies MTNL accounts as non-performing assetsPunjab and Sind Bank (PSB) has notified that Mahanagar Telephone Nigam Limited (MTNL) accounts are now classified as Non-Performing Assets ...
- SBI classifies MTNL loan a/c as sub-standard NPA; threatens legal actionState Bank of India classified MTNL's loan accounts as sub-standard non-performing assets due to non-payment since June 30. With a total ou...
- Union Bank freezes accounts of state-run telecom firm MTNL over non-payment of duesAccording to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140...
- Govt to pay cash-starved telco MTNL’s $5.1 billion bond billThe Indian government will cover all future bond payments for Mahanagar Telephone Nigam Ltd. due to a liquidity crisis. The loss-making com...
- There will be no default on MTNL bond dues: Telecom Minister ScindiaThe Indian government has assured there will be no default on MTNL's bond dues as its operations transfer to BSNL. Telecom Minister Jyotira...
- MTNL deposits bond interest payout after government guarantee invocationThe struggling state-run company had received 936 million rupees ($11.21 million) from the government for the interest payment as per the g...
- MTNL deposits bond interest payout after government guarantee invocationMTNL had to deposit the interest for the semi-annual 7.59%, July 2034 bonds in the third-party escrow account 10 days ahead of the due date...
- Centre to pick up bond dues tab for MTNLThe government will pay MTNL bond interest, preventing a sovereign default after MTNL failed to deposit in an escrow account. Borrowers wil...
- Govt mulls handing over MTNL operations to BSNL; merger unlikelyThe government is considering an agreement to transfer the operations of Mahanagar Telephone Nigam Ltd (MTNL) to Bharat Sanchar Nigam Ltd (...
- Rating firms monitoring MTNL as telco misses escrow transfer for bond paymentsIndia Ratings & Research (Ind-Ra) is closely monitoring the financial situation of state-owned Mahanagar Telecom Nigam Limited (MTNL) after...
- MTNL raises Rs 800 cr claims from DoT, seeks reimbursement on past bond issue, rent duesThe Department of Telecom (DoT) is examining the claims that have been made by the state-owned corporation, sources said.
- Shrinking bond spread to benefit PSUsOn Wednesday, Food Corporation of India's (FCI) 8-year bond yields slipped to 8.38%, two basis points lower than 8.40%.
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