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MTNL BOND PAYMENT
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...
- 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...
- Rescue package on the cards for MTNL, RINL; committee to take final call on servicing MTNL debt of nearly Rs 8,000 crThe government is considering bailout plans for MTNL and RINL, with discussions involving the finance ministry. A committee will decide on ...
- 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...
- MTNL defaults on Rs 422 crore bank loan paymentsState-owned telecom company MTNL defaulted on bank loan payments of Rs 422.05 crore, including Rs 328.75 crore on the principal and Rs 93.3...
- MTNL seeking Rs 1,151.65 cr for paying interest arising out of sovereign guaranteed bonds“MTNL has sought Rs 1,151.65 crore to meet the payment of interest on Sovereign Guarantee Bonds (SGBs) for Financial Year 2024-25,” Ministe...
- MTNL seeks Rs 1,151.65 cr for sovereign guarantee bonds interest this fiscalDebt-ridden state telecom firm MTNL has requested ₹1,151.65 crore for interest payments on sovereign guarantee bonds for the current fiscal...
- 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...
- 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...
- Budget 2020: BSNL, MTNL to get Rs 37,640 cr from govt in FY21The government will infuse Rs 14,115 crore in BSNL and Rs 6,295 crore in MTNL for 4G spectrum.
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