MTNL Board Approves Rs 892 Crore Powai Property Sale Amid Debt Concerns
MTNL shares surged 17% after the board approved selling its Powai property in Mumbai to the Income Tax Department for Rs 891.53 crore. The sale aims to reduce the company's heavy debt, which was around Rs 40,000 crore in FY26, as per government data. This asset monetisation is part of MTNL's strategy to manage liabilities.
ET Markets·3h ago·Mumbai

