MTNL raises Rs 3,768.97 crore through bonds this fiscal: Government
Author yuvamind
According to parliament information MTNL raised RS 3,768.97 crore through bonds in the financial current year."MTNL has raised Rs 3,768.97 crore in FY 2014-15 i.e. Rs 2,268.90 crore on November 28, 2014 and Rs 15,00.07 crore on November 19, 2014 by selling bonds. Communications and IT minister Ravi Shankar Prasad reply to the Raja Sabha. Minister Ravi Shanker Prasad added 10 years maturity in bonds and inform to government on January 9, 2014, had given its nod to providing financial assistance worth Rs 4,533.97 crore to MTNL against surrender of broadband wireless access. Minister Ravi Shanker Prasad said to government, Financial support to MTNL is being provided in the form of loan through sovereign guarantee of Rs 4,533.97 crore with the liability of payment of principal and interest there on resting with the government,