Beginning the non-core asset monetisation process, the Department of Investment and Public Asset Management (DIPAM) today invited bids to sell six assets of state-run telecom firms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) through its new asset monetisation portal.
“Non core asset monetisation commences with the first set of six properties of BSNL/ MTNL bid out on the MSTC portal,” DIPAM Secretary Tuhin Kanta Pandey tweeted.
The government has listed for sale real estate assets of the telecom companies at a reserve price of around ₹ 1,100 crore, according to reports.
On November 18, shares of MTNL rose as much as 15 per cent to ₹ 20.70 in their biggest intraday rise since March 10, after it was reported that the government plans to revive the company. MTNL’s shares have so far gained 30.4 per cent this year.
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