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Business Standard
1y ago 35 views

Government Expected to Cover Bond Interest Payments for MTNL to Prevent Default

The Indian government is anticipated to step in to pay the interest dues on bonds issued by Mahanagar Telephone Nigam Limited (MTNL). This move is aimed at ensuring that MTNL does not default on its payments, providing a financial safety net for the state-owned telecom company.
Government Expected to Cover Bond Interest Payments for MTNL to Prevent Default
A What happened
The Indian government is anticipated to step in to pay the interest dues on bonds issued by Mahanagar Telephone Nigam Limited (MTNL). This move is aimed at ensuring that MTNL does not default on its payments, providing a financial safety net for the state-owned telecom company.