MTNL Mortgage Default: Authorities telecom firm MTNL has reported in a regulatory submitting that it has defaulted in a mortgage of Rs 8,346.24 crore from seven public sector banks. MTNL has been in loss for a very long time. Based on the submitting performed on April 19, the overall debt of the telecom firm has reached Rs 33,568 crore by 31 March 2025. In MTNL’s complete debt, Rs 3,633.42 crore from Union Financial institution of India, Rs 2,374.49 crore from Indian Abroad Financial institution, Rs 1,077.34 crore from Financial institution of India, Rs 464.26 crore from Punjab Nationwide Financial institution of India, State Financial institution of India 350.05 crore from India. Rupees, Rs 266.30 crore from UCO Financial institution and Rs 180.3 crore mortgage principal and curiosity funds are included. Within the involved information cost, this default has taken place from August 2024 to February 2025. Speaking about MTNL’s complete debt, it has a financial institution mortgage of Rs 8,346 crore. On the similar time, the Authorities Assure (SG) bond is Rs 24,071 crore. Aside from this, there’s additionally a legal responsibility of Rs 1,151 crore, which the corporate had taken from the Division of Telecom (DOT) for the curiosity cost of SG Bond. MTNL shares could have been in debt although the federal government telecom firm, however MTNL shares have given greater than 500% returns to buyers within the final 5 years. Within the final one yr additionally, buyers have made a revenue of 21.60% from the corporate. Nonetheless, in 2025 (YTD) this inventory is buying and selling beneath 14.65%. Based on BSE information, the corporate’s shares touched a 52-week excessive of ₹ 101.88 on 29 July 2024, whereas on 5 June 2024, the minimal stage of ₹ 32.70 was seen. MTNL’s inventory closed at ₹ 43.85 with a slight decline of 0.16% within the Thursday market session. On the similar time, it closed at ₹ 43.92 within the final session. Indian inventory markets remained closed as a result of ‘Good Friday’ vacation on Friday. Learn this: Inventory Market Outlook: This week the market will growth or decline, these 10 issue can be mounted
