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MTNL shares rally 17% as board approves Rs 892 crore Powai property sale amid debt worries
Economic Times 1 hr ago·1 Oct 2026, 8:07 am
MTNL shares rose sharply after the company’s board approved the sale of its Powai property in Mumbai to the Income Tax Department for Rs 891.53 crore. The asset monetisation comes as the debt-laden PSU seeks to reduce liabilities, which stood at around Rs 40,000 crore in FY26, according to the government.
Affected stocks
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Key takeaways
- Concerns Mahanagar Telephone Nigam (MTNL).
- Category: Stocks.
Why it matters
A routine update for Mahanagar Telephone Nigam. Use the price and stock snapshot to gauge how the market is responding.
