COMPLIANCE OF REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015- INTIMATION ABOUT EXECUTION OF DEED OF ASSIGNMENT OF LEASEHOLD PROPERTY WITH NABARD

MTNL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+14.6%1-day move

₹21.40

prior close

₹22.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.0+3.0+3.6+2.9+14.6+20.3+19.6+31.5+31.3+44.4+42.9+45.6+39.2+40.2

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AI summary

MTNL has transferred the leasehold rights of its residential property — GN Block, BKC Quarters (28 quarters) in Bandra Kurla Complex, Mumbai (plot area 2,680 sqm, built-up area 4,021.43 sqm) — to NABARD for a total consideration of ₹350.72 crore. NABARD has paid the full amount upfront. The transaction is classified as a Government-to-Government transfer and is a follow-up to MTNL's earlier communication dated December 15, 2025. This is part of MTNL's ongoing efforts to monetize non-core assets to raise cash.

Likely market impact

Positive for MTNL shareholders — the company receives a significant cash inflow of ₹350.72 crore from monetizing an idle residential property, which can help reduce its debt burden or fund operations. However, the impact on the stock price is likely to be limited as this is a one-time asset sale rather than an improvement in core telecom business performance.