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The Division of Funding and Public Asset Administration (DIPAM) has invited bids to monetise six belongings of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Phone Nigam Ltd (MTNL) at a reserve value of round Rs 970 crore by way of a brand new asset monetisation portal.
BSNL properties positioned in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted on the market at a reserve value of round Rs 660 crore. MTNL belongings positioned in Vasari Hill, Goregaon in Mumbai have been listed on the market at a reserve value of round Rs 310 crore. MTNL’s 20 flats positioned in Oshiwara have additionally been put up on the market as a part of the asset monetisation plan of the corporate. The flats embrace two items of 1-room set, 17 items of 1 bed room corridor and kitchen (BHK) and one unit of two BHK. Their reserve costs vary from Rs 52.26 lakh to Rs 1.59 crore.
“That is the primary stage of asset monetisation at MTNL and BSNL. Bids have been invited for BSNL belongings price Rs 660 crore and MTNL belongings price Rs 310 crore. We plan to finish the whole course of inside one-and-half months,” BSNL chairman and managing director PK Purwar mentioned.
The e-auction for MTNL belongings will happen on December 14. “We’ll proceed as per market demand for asset monetisation,” Purwar added.
The asset monetisation is a part of the Rs 69,000 crore revival scheme for MTNL and BSNL which was authorized by the federal government in October 2019. Each the general public sector companies had been to establish and monetise belongings price Rs 37,500 crore by 2022.
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