Updated Mar 03, 2021 | 12:37 IST
The government is developing a platform through MSTC for selling non-core assets of public sector enterprises, which will be coordinated by DIPAM. MTNL Mumbai office
New Delhi: The Centre has identified real estate and land assets of state-owned telecom services provider Mahanagar Telephone Nigam Ltd. (MTNL) to kick off the ambitious PSU asset monetisation programme.
The
Economic Times citing a senior official mentioned in a report that MTNL s assets identified for sale will be auctioned through the online e-bidding platform set up by MSTC. Bidding for MTNL assets will take place through MSTC, this will be the first one, the official said.
Monetisation push to start with sale of MTNL’s realty assets
If the MTNL assets auction is successful, the government may look at land assets of BSNL for sale.
Synopsis
The asset monetisation is part of the Rs 68,000-crore revival package for loss-making telecom public sector enterprises MTNL and Bharat Sanchar Nigam. MTNL provides telecom service in Delhi and Mumbai. It reported a loss of Rs 641 crore for the October-December quarter.
The ambitious asset monetisation programme of the state-run companies is likely to start with the sale of real estate and land assets of telecom services provider Mahanagar Telephone Nigam.
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Updated Feb 16, 2021 | 12:48 IST
RailTel s IPO opened for subscription on Tuesday. The price band of the issue has been fixed Rs 93-94. It commanded 37% GMP over the upper band of issue price as of February 16 RailTel IPO opens for subscription: Brokerages weigh in on co s strengths, risks | Photo Credit: PTI
Telecom infrastructure corporation company RailTel Corporation of India’s Rs 819.24-crore initial public offer (IPO) opened for subscription on February 16. The Mini Ratna (category-I) company offers 8.71 crore equity shares of the public sector company via the offer for sale (OFS) route.
Government of India which holds 100% stake in the company aims to pare its holding to 72.8% in the information & communication technology (ICT) PSU and post-issue public holding will be 27.16%.
RailTel Corporation of India IPO: 10 things to know before subscribing to the issue
The public issue, which opened for anchor investors on February 15, will be available for subscription from February 16 to February 18. February 16, 2021 / 07:50 PM IST
RailTel Corporation of India s initial public offering is be the second public issue from the government and the seventh IPO of the year 2021.
Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company and Stove Kraft have already listed on the bourses. Brookfield India REIT will make its market debut on February 17 and Nureca opened its public issue on February 15.
ICICI Securities, IDBI Capital Markets & Securities and SBI Capital Markets are the lead managers to the issue.