Mahanagar Telephone Nigam Limited — Important, 28-11-2024: Updates

MTNL has confirmed the funding of the designated escrow account for the payment of the 4th semi-annual interest on its 7.87% bond series VII-B. This payment is due on December 1, 2024, and the funding was completed on November 28, 2024. This timely funding ensures that the company remains compliant with its financial obligations, which may positively influence investor confidence and the company’s overall financial stability. Shareholders should monitor this situation closely to understand any potential impacts on future operations and cash flows.