Mahanagar Telephone Nigam (MTNL) has raised funds through the allotment of 61096 Government of India Guaranteed Unsecured Rated Listed Redeemable Non-convertible and Taxable bonds in the nature of Debentures series VII-A having face value of Rs 10 lakh. Date of maturity of said bonds will be on November 15, 2032.
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.
