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Government puts on sale MTNL’s assets at reserve price of Rs 310 crore

22 Nov 2021 Evaluate

The government has listed Mahanagar Telephone Nigam (MTNL) assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of around Rs 310 crore. MTNL’s 20 flats located in Oshiwara have also been put up for sale as part of the asset monetisation plan of the company. The flats include two units of 1-room set, 17 units of 1 bedroom hall and kitchen (BHK) and one unit of 2 BHK. Their reserve prices range from Rs 52.26 lakh to Rs 1.59 crore. The e-auction for MTNL assets will take place on December 14, 2021.

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.

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