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MTNL has insufficient funds to pay interest for 7.78% MTNL Bond due on Aug 10

MTNL has insufficient funds to pay interest for 7.78% MTNL Bond due on Aug 10

Thu, Aug 01, 2024

According to the filing, the sovereign guarantee will be invoked by the debenture trustee in case of any default made by MTNL in payment of principal and interest on the bonds and the government of India is obliged to make the payment to MTNL for the same.

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