Key Developments: Mahanagar Telephone Nigam Ltd (MTNL.NS)
Latest Key Developments (Source: Significant Developments)
Mahanagar Telephone Nigam Ltd:Says A. K. Garg, CMD, MTNL has ceased to be the CMD of MTNL w.e.f. May 31 on account of retirement on attaining the age of superannuation. Full Article
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 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
MUMBAI, March 25 - India's state-run Mahanagar Telephone Nigam Ltd is planning to raise up to 10 billion rupees ($164.46 million) through 10-year bonds at 9.39 percent semi-annual coupon, two sources with direct knowledge of the deal said.