India's MTNL soars as government to help monetize assets
05/02/2025 07:10
** Shares of state-run telecom company Mahanagar Telephone
Nigam Limited (MTNL) MTNL.NS rise 17.5% to 56 rupees
** Indian govt will assist MTNL and BSNL in monetizing their
assets to unlock value and clear liabilities, says Arunish
Chawla, secretary of India's Department of Disinvestment and
Public Asset Management, at a CNBC-TV18 event
** Stock set for biggest one-day gain since July 18, 2024
** More than 50 million shares traded, 13x the stock's
30-day avg
** Stock rose about 50% in 2024
(Reporting by Aleef Jahan in Bengaluru)
((aleefjahan.cs@thomsonreuters.com))
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