MoneyWorks4Me

MTNL raises Rs 2138.60 crore via issuing of bonds

22 Dec 2020 Evaluate

Mahanagar Telephone Nigam (MTNL) has issued 6.85% 21,386 Nos. unsecured, rated, listed, government of India guaranteed, redeemable, non convertible taxable bonds in the nature of debentures series VI/2020 (Date of Maturity December 20, 2030) of the face value of Rs 10 lakh each aggregating to Rs 2138.60 crore.

MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.

Peers
Company Name CMP
Bharti Airtel 1762.50
Vodafone Idea 12.63
Indus Towers 378.15
Tata Communications 1660.00
Railtel Corp. India 253.65
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