MTNL Gets Shareholders’ Nod To Raise Rs 17,571 Crore Via Bonds, Borrow Rs 35,000 Crore From Banks

According to the report, 99.85% shareholders voted in favour of the resolution to “offer or invite subscriptions for government guaranteed, unsecured, listed, redeemable Non-Convertible Debentures in the nature of bonds, in one or more series I tranches, aggregating up to Rs 17,571 crore on private placement basis.”

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