Corporate Announcement
Security Code : 500108    Company : MTNL    
 
Clarifies on News item 
  Exchange Disseminated Time     
With reference to the news item appearing in a leading financial daily titled "MTNL eyes Rs. 5K cr from realty assets" Mahanagar Telephone Nigam Ltd has clarified to BSE that the MTNL is looking for monetization of its under-performing real-estate assets but issue is still at nascent stage and the monetization potential is under review.

The process for appointing a consultant for asset review and monetization potential of under-performing real-estate assets is on and no finality has reached on that yet.

This issues with the approval of Competent authority.
 

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