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Buzzing Stocks: PSU stock jumps 17% after land parcel sale for nearly ₹900 crore

1 source · first seen 11:51 1 Oct · updated 11:51 1 Oct

The brief

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MTNL’s board approved sale of its Powai Plot-C property for nearly ₹900 crore
The property sale could strengthen MTNL’s finances and support its listed shares

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Mahanagar Telephone Nigam₹22.97 · 3 today PSUs3 today

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MTNL’s Powai property sale

MTNL’s board approved the sale of its Powai Plot-C property in Mumbai to the Income Tax Department for ₹891.53 crore. Reports said the stock rose 17% after the approval.

Thursday, 1 October

11:51You are here
Buzzing Stocks: PSU stock jumps 17% after land parcel sale for nearly ₹900 crore
11:302 sources
MTNL to sell Powai property to I-T Dept for ₹891.53 cr amid debt burden
11:222 sources
MTNL board approves ₹891.53 crore sale of Powai property to IT department

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CNBC-TV18Buzzing Stocks: PSU stock jumps 17% after land parcel sale for nearly ₹900 crore11:51