MTNL Shares In Trouble!
On April 21, 2025, shares of Mahanagar Telephone Nigam Ltd (MTNL) fell 5.63% to Rs 41.38 after defaulting on Rs 8,346 crore in bank loans, as per Business Today.
The state-run telecom failed to repay a consortium of banks, including Union Bank of India and State Bank of India, between August 2024 and February 2025.
MTNL’s total debt now stands at a whopping Rs 33,568 crore.
Trading volume spiked with 4.87 lakh shares on BSE, and the stock’s down 17.69% this year.
Read More at BusinessToday
