COMPLIANCE WITH REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 - FUNDING OF 10TH SEMI ANNUAL INTEREST IN ESCROW ACCOUNT MAINTAINED IN BANK OF INDIA WRT MTNL BOND SERIES VI (INE153A08097)
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Awaiting price reaction for this filing.
MTNL has informed the stock exchange that it has funded the 10th semi-annual interest payment for its Bond Series VI (ISIN: INE153A08097) by depositing the amount in an escrow account maintained at Bank of India. This is a routine regulatory compliance filing under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30. The deposit confirms that MTNL is meeting its interest servicing obligations on this bond series on schedule. No details on the principal amount or coupon rate of the bond have been disclosed in the headline.
This is a routine debt-servicing update and indicates MTNL is meeting its scheduled interest obligation on time, which is a neutral-to-mildly positive sign for bondholders but is unlikely to move the stock price.