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An update from Mahanagar Telephone Nigam Limited ( (IN:MTNL) ) is now available.
Mahanagar Telephone Nigam Limited (MTNL) has announced a default in the payment of principal and interest to several banks, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank. The total outstanding amount is INR 8,659 crore, with significant overdue amounts in both principal and interest. This default could have significant implications for MTNL’s financial stability and its relationships with financial institutions, potentially affecting its operations and market position.
More about Mahanagar Telephone Nigam Limited
Mahanagar Telephone Nigam Limited (MTNL) is a government-owned enterprise in India, primarily engaged in providing telecommunications services. The company operates in the telecom industry, offering services such as fixed-line telephony, mobile telephony, and internet services, primarily focusing on urban areas in India.
Average Trading Volume: 966,423
Technical Sentiment Signal: Hold
Current Market Cap: 26.67B INR
For detailed information about MTNL stock, go to TipRanks’ Stock Analysis page.