Ministry of Finance, Department of Economic Affairs (Budget Division) has conveyed that guarantee space for Rs 3000 crore is available for MTNL to be utilized in the financial year 2012-13. The company has proposed to raise 10 year bonds through private placement with bullet repayment on principal and interest at the end of 10 years.
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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1837.65 |
| Vodafone Idea | 9.52 |
| Indus Towers | 412.10 |
| Tata Communications | 1517.30 |
| Bharti Hexacom Ltd. | 1566.10 |
| View more.. | |
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