MTNL stock gains 10% after board approves sale of residential property in Mumbai to NABARDMTNL stock gains 10% after board approves sale of residential property in Mumbai to NABARD

Introduction

Leading telecom PSU approved the sale of residential property at BKC, Mumbai, to NABARD for ₹350.72 crore through a government to government transfer under asset monetisation.

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Share price movement of MTNL

On December 16, 2025, Mahanagar Telephone Nigam Ltd opened at ₹37.19, up 2.91% from its previous close of ₹36.14. The stock reached a high of ₹39.51 (9.33%) and a low of ₹37.03 (2.46%). By 12:21 PM, it traded at ₹37.99, a 5.12% increase, with a market cap of ₹2,393.37 crore.

MTNL Approves BKC Property Sale to NABARD

MTNL said its board approved the sale of GN Block, BKC Quarters in Mumbai through a circular resolution dated December 15, 2025, under Regulation 30 of SEBI rules.

The residential property includes 28 quarters at MMRDA Plot No. R-4, Bandra East. The plot area is 2,680 square metres with a built-up area of 4,019.02 square metres.

The property will be sold to NABARD through a government-to-government transfer for ₹350.72 crore. Stamp duty and registration costs will be borne by NABARD, while prior dues will be paid by MTNL.

Stock performance of MTNL for Period of 1 week, 6 months, and 1 year

Mahanagar Telephone Nigam Ltd delivered a 0.41% decline over the past week. The stock fell 23.3% in the past six months and declined 36.3% over the past year.

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Shareholding pattern of MTNL

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	56.30%	56.30%	56%
FII	0.00%	0.50%	0.10%
DII	13.50%	13.50%	14%
Public	30.30%	29.80%	30%

About MTNL

Mahanagar Telephone Nigam Ltd (NSE: MTNL) is a public sector telecom company providing services in Delhi NCR and Mumbai. Incorporated in 1986, it received Navratna status in 1997.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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