Bloomberg L.P.

India to Deposit $11 Million for Telco MTNL’s Timely Debt Pay

The Indian government will deposit about 941 million rupees ($11.3 million) in an escrow account to ensure timely interest payment on state-owned Mahanagar Telephone Nigam Ltd.’s local-currency bond, ...
Reuters

India may intervene for interest payment of MTNL's other bonds, bankers say

MUMBAI, July 15 (Reuters) - Indian bond market participants are expecting the government to help towards the payout of the interest and principal for Mahanagar Telephone Nigam Ltd (MTNL.NS), opens new ...
Bloomberg L.P.

India to Pay Cash-Starved Telco MTNL’s $5.1 Billion Bond Bill

The Indian government will service all future bond payments for Mahanagar Telephone Nigam Ltd. as the state-owned company faces a liquidity crisis, according to a person familiar with the matter. The ...
Hosted on MSN

'Not correct': MTNL clarifies on interest payment default report; stock down 3%

Shares of Mahanagar Telephone Nigam Ltd (MTNL) issued its clarification on Tuesday over a new report, titled: "MTNL defaults on interest payment for sovereign guarantee-backed Rs 6,100 crore". The ...
MarketWatch

MTNL shares soar in Mumbai on $350 million tax refund

HONG KONG (MarketWatch) -- Shares of Indian telecommunications firm Mahanagar Telephone Nigam jumped 3.6% in Mumbai trading Tuesday, despite weakness in the broad market, on word of a windfall tax ...