COMPLIANCE OF REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015- INTIMATION ABOUT EXECUTION OF MEMORANDUM OF UNDERSTANDING (MOU) WITH GOVERNMENT OF BIHAR
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MTNL has signed an MoU with the Government of Bihar on March 24, 2026, to transfer the leasehold rights of seven residential properties (5 flats and bungalows) located at Asian Games Village Complex (Khelgaon), New Delhi. The total agreed valuation is Rs 68.43 crore, and the Government of Bihar has already deposited the full amount with MTNL. The transfer is subject to receiving a No Objection Certificate (NOC) and executing the Lease Transfer Deed with the Delhi Development Authority (DDA). The MoU is valid for 6 months or until the transfer is completed, whichever is earlier. Since both parties are government entities, this is treated as a Government-to-Government transfer and not a related-party transaction.
This is a one-time asset monetisation move that brings in Rs 68.43 crore of immediate cash for the debt-laden PSU telecom company, though it has no direct bearing on MTNL's core telecom operations. The stock impact is likely to be neutral to mildly positive, contingent on successful completion of the lease transfer.