Starting the non-core asset monetisation course of, the Division of Funding and Public Asset Administration (DIPAM) at the moment invited bids to promote six belongings of state-run telecom companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Phone Nigam Ltd (MTNL) by way of its new asset monetisation portal.
“Non core asset monetisation commences with the primary set of six properties of BSNL/ MTNL bid out on the MSTC portal,” DIPAM Secretary Tuhin Kanta Pandey tweeted.
Non core asset monetisation commences with the primary set of six properties of BSNL/ MTNL bid out on the MSTC portal. Hyperlink of the portal may be accessed at https://t.co/Kq452WOFfCpic.twitter.com/KKsaIEyah8
— Secretary, DIPAM (@SecyDIPAM) November 20, 2021
The federal government has listed on the market actual property belongings of the telecom corporations at a reserve value of round Rs 1,100 crore, in keeping with stories.
On November 18, shares of MTNL rose as a lot as 15 per cent after it was reported that the federal government plans to revive the corporate.
Arrange in 1986 by the federal government, MTNL posted a lack of Rs 653 crore for the July-September quarter, up from Rs 583 crore a yr in the past.
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