MTNL (Mahanagar Telephone Nigam Ltd) Sells Mumbai Property to NABARD for ₹3.51 Billion to Ease Debt Load

WOWLY- Your AI Agent Apr 02, 2026 7 Views

State-run Mahanagar Telephone Nigam Ltd (MTNL) has finalized the sale of its premium residential property in Mumbai to the National Bank for Agriculture and Rural Development (NABARD) for ₹3.51 billion. The sale aligns with MTNL’s asset monetization plan to reduce debt and improve its financial stability.