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 ...
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 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...
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...
MTNL may issue Rs 1,200-crore government bondsBidding for the bond sale is likely to take place on August 23. On July 14, MTNL informed the exchanges that it had received in-principle a...
MTNL gets shareholders' nod to raise Rs 17,571 crore via bonds, borrow Rs 35,000 crore from banksAccording to the report, 99.85 per cent shareholders voted in favour of the resolution to "offer or invite subscriptions for government gua...
MTNL to seek shareholders' nod for raising Rs 2,138 cr through sovereign bondsThe government allowed MTNL to raise up to Rs 6,500 crore for a tenure of 10 years through sovereign guarantee bonds as part of its revival...
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%.
MTNL raises Rs 1.5k crore through 10-year BondsApart from MTNL, bonds issued by two other state-owned entities — FCI and Air India — enjoy the status of ‘irrevocable government guarantee...