menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Government...
source image

Bloomberg Quint

2w

read

34

img
dot

Image Credit: Bloomberg Quint

Government Plans MTNL Asset Sale Without Auction For State, Central Buyers | Profit Exclusive

  • The government plans to sell MTNL assets to state and central government entities without an auction process to accelerate the sale.
  • MTNL asset monetisation will be done in phases, with 220 out of 280 non-core properties set to be sold at simple valuation to repay debt.
  • The initial valuation of some MTNL assets is estimated at Rs 6,000-7,000 crore with surveys ongoing in Delhi and Mumbai to speed up monetisation.
  • While public sector buyers can directly acquire assets, the framework for engaging private buyers is still under consultation.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app