COMPLIANCE WITH REGULATION 30 OF SEBI (LODR), 2015- NON FUNDING OF 03RD SEMI ANNUAL INTEREST WRT MTNL BOND SERIES VIII-C (INE153A08170).
MTNL · price
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Awaiting price reaction for this filing.
MTNL has informed the stock exchanges that it has not paid the 3rd semi-annual interest on its Bond Series VIII-C (ISIN: INE153A08170), as required under SEBI's Listing Obligations and Disclosure Rules. This means the company has defaulted on a scheduled interest obligation to its bondholders. The filing was made under Regulation 30 of SEBI (LODR), 2015, which mandates timely disclosure of such material events. The bondholders are now exposed to credit risk on this instrument. MTNL, a state-owned telecom company, has been under financial stress for several years.
This is a strongly negative signal indicating severe liquidity and financial distress at MTNL. Shareholders may see pressure on the stock due to heightened default risk and potential downgrade by rating agencies, while bondholders face increased credit risk on this series.