INSUBCONTINENT EXCLUSIVE:
DoT is in the process of sending it to finance ministry for approval
We can raise all Rs 15,000 crore in one tranche
We expect to get the approval soon for the bonds to raise the funds", P K Purwar, CMD of BSNL told IANS.Government bond or sovereign bond is
a bond issued by a national government, generally with a promise to pay periodic interest payments called coupon payments and to repay the
BSNL is slated to start 4G services next year and before that it will have to take network upgrade, float a new 4G tender as well.On
November 1, state-run MTNL said it has received communications from the Government on the cabinet decision
As per this decision, MTNL will be a subsidiary of BSNL by transferring the government's shareholding to it following the Union Cabinet's
in-principle approval to their merger
Government holds 56.25 per cent in MTNL
The cabinet decision last month had paved the way for MTNL to be a subsidiary of BSNL and the firms can raise Rs 15,000 crore on sovereign
bonds.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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