MTNL sells Mumbai BKC quarters to NABARD for Rs 350.72 cr

Strategic Transactions View source PDF Explain this filing

MTNL · price

Loading chart…

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

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹36.05

prior close

₹37.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+2.4% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+1.5%+0.2% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 0.2 pts more than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+0.1

15m

+0.1

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.6+2.4+1.5+0.2

Next day

-0.6-1.5+1.0+1.3-1.8

-0.6-1.8+1.2+0.6-1.2

-0.1-0.6+0.4+1.3-1.4

-0.1+0.8-0.9+2.6-2.7

+1.4+0.8+0.5+2.0-0.6

+3.0-0.2+3.2+3.9-0.9

15d

-0.4+1.1-1.5+0.8-1.2

-6.8-3.5-3.3-3.8-3.0

-14.0-3.2-10.8-3.9-10.1

-32.1-12.8-19.3-15.4-16.7

UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MTNL Board has approved sale of 28 residential quarters at GN Block, BKC Mumbai (plot area 2680 sqm, built-up area 4019 sqm) to NABARD through a Government-to-Government direct sale for Rs 350.72 crore. NABARD will bear stamp duty, registration, and incidental charges, while MTNL will clear prior dues and NLMC fees. The sale is part of the company's asset monetization plan under a Presidential Approval from 2020.

Likely market impact

Brings Rs 350.72 cr cash inflow under asset monetization; positive for debt reduction or operational funding needs.