MTNL Executes Leasehold Property Assignment with NABARD for ₹350.72 Crore
MTNL has transferred leasehold rights of its BKC Quarters property to NABARD for ₹350.72 crore. The full consideration has been paid by NABARD. This agreement is a Government to Government transfer.
The sale of a property is a significant transaction that can impact the company's asset base and cash flow, but it is not a core operational change.
The sale of a property for a significant amount like ₹350.72 crore can be viewed positively as it generates revenue for the company, potentially improving its financial health.
Mahanagar Telephone Nigam Limited (MTNL) has executed a Deed of Assignment of Leasehold Property with NABARD on March 30, 2026. Under this agreement, MTNL will transfer the leasehold rights for its residential property, GN Block, BKC Quarters (comprising 28 quarters with a plot area of 2680 sqm and built-up area of 4021.43 sqm) located at MMRDA Plot No. R-4, BKC, Bandra (E), Mumbai, to NABARD.
The consideration for this transfer is ₹350.72 crore (Rupees Three Hundred Fifty Crore and Seventy-Two Lakh only), which has been paid in full by NABARD. This transaction is a Government to Government transfer and does not fall under related party transactions as it is conducted at arm's length.
This disclosure is made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
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Mahanagar Telephone Nigam Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Mahanagar Telephone Nigam Limited. Read the original for the full detail.