India's Mahanagar Telephone Nigam extends gain on govt asset sale plan
22/11/2021 07:02
** Shares of Mahanagar Telephone Nigam Ltd MTNL.NS rise as
much as 9.3% to 20.5 rupees, extending gains from last Thursday
** The government's department of investment and public
asset management on Saturday invited https://twitter.com/secydipam/status/1461928446020386820?s=24
bids to sell some assets of the state-owned, loss-making
company
** On Thursday, media reports of a government package worth
nearly 1.3 trln rupees ($17.54 bln) to revive state-run telecom
companies sent MTNL shares soaring urn:newsml:reuters.com:*:nL4N2S92DO
** More than 6.2 mln shares change hands vs 30-day avg of
about 1.6 mln shares
** Stock up 35.9% YTD, as of last close
(Reporting by Soumyajit Saha in Bengaluru)
((Soumyajit.Saha@thomsonreuters.com;))
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