Key Developments: Mahanagar Telephone Nigam Ltd (MTNL.NS)
20.80INR
6:21am EDT
Rs-0.15 (-0.72%)
Rs21.60
Rs21.00
Rs21.20
Rs20.70
399,991
1,166,722
Rs45.40
Rs17.80
Latest Key Developments (Source: Significant Developments)
Mahanagar Telephone Nigam Ltd Announces Issue Of Non-Convertible Debentures
Mahanagar Telephone Nigam Ltd announced that it has floated Non-convertible Debentures (in the form of Bonds ) at 8.57% Semi-annual, under Sovereign Guarantee, on private placement basis, which has been subscribed to the extent of INR1005 crores (INR10.05 billion). The allotment in respect of the above bond issue has been made on March 28, 2013. Full Article
Mahanagar Telephone Nigam Ltd Approves Proposal For Raising Non Convertible Debentures
Mahanagar Telephone Nigam Ltd that the Board of Directors of the Company at its meeting held on March 25, 2013, has approved the proposal for raising non convertible debentures (in the form of bonds) worth INR3,000 crores(30 Billion) for a period of 10 years guaranteed by the Government of India. Full Article
Mahanagar Telephone Nigam Ltd Announces Appointment of Chairman And Managing Director
Mahanagar Telephone Nigam Ltd announced that Shri. Ashok Kumar Garg, has been appointed as Chairman and Managing Director, Mahanagar Telephone Nigam Ltd., vide Ministry of Communications &. IT, DOT, New Delhi Order dated on December 05, 2011. Accordingly, Shri. A. K. Garg has taken over the charge of the Office of Chairman and Managing Director, MTNL, with effect from the afternoon of December 05, 2011. Full Article
India's Telecoms Ministry Examining Proposal To Merge Mahanagar Telephone Nigam Ltd, ITI Limited With Bharat Sanchar Nigam Limited-The Economic Times
The Economic Times reported that India's telecoms ministry is examining proposals by a government body to merge state-run telecoms firms Mahanagar Telephone Nigam Ltd and ITI Limited with Bharat Sanchar Nigam Limited (BSNL). A committee in his ministry was looking into proposals by the Board for Reconstruction of Public Sector Enterprises (BRPSE) that had recommended merging telecoms gearmaker ITI with BSNL, or making it a separate unit of BSNL. Full Article
Mahanagar Telephone Nigam Ltd Plans To Buy 51% Stake In Zimbabwe's TelOne-DJ
Dow Jones reported that Mahanagar Telephone Nigam Ltd is planning to buy a 51% stake in TelOne Zimbabwe Pvt. Ltd. for an undisclosed amount, the Economic Times reported. The Zimbabwe government is keen to offload a stake In TelOne. And since TelOne has a GSM mobile permit, it fits well with Mahanagar Telephone Nigam's plans to enter the African market. The purchase will be made through Mahanagar Telephone Mauritius. Full Article
Mahanagar Telephone Nigam Ltd Sought Bids For Seven Year Loans To Raise INR15 Billion-DJ
Dow Jones reported that Mahanagar Telephone Nigam Ltd (MTNL) invited bids from both state-run and private-sector banks to raise INR15.0 billion through seven-year loans with floating interest rates. The loans would have a moratorium period of three years on principal repayment with interest to be paid every month. From the fourth year onwards, the loan would be repaid on a quarterly basis. The bids for offering loans will be valid for a minimum of three months. The Company will also have the right to prepay the loan without any penalty even during the moratorium period. The Company will raise the loan in tranches as per its requirement and discretion, adding that no penalty or interest will be calculated for such tranches from the date the loan is raised. Full Article
India's MTNL plans to raise up to 19.95 bln rupees via bond in June - termsheet
MUMBAI, May 20 - India's state-owned Mahanagar Telephone Nigam Ltd plans to raise up to 19.95 billion rupees ($364 million) through a bond sale in June, a termsheet obtained by Reuters showed.
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