MTNL funds escrow account for bond interest payment due July 20
Mahanagar Telephone Nigam Limited (MTNL) on Thursday informed the exchanges that it has deposited funds in the designated escrow account to ensure timely payment of interest on its bonds due later this week.
The payment pertains to the 4th semi-annual interest on MTNL's 7.59% Secured Redeemable Non-Convertible Bonds (Series VIII A, ISIN: INE153A08154), which is scheduled to be paid to bondholders on July 20, 2025.
According to the filing, the company deposited the required amount in the escrow account maintained with Bank of India, New Delhi Main Branch, on July 17, 2025, well in advance of the due date.
MTNL stated that this step ensures compliance with the payment obligations and upholds its commitment to bondholders. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015.
This proactive move comes as MTNL continues to meet its debt servicing obligations despite challenges in its core telecom business, underscoring the company's focus on maintaining investor confidence.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Investments in bonds and securities are subject to market risks. Please conduct your own research or consult a qualified financial advisor before making any investment decisions. The author or publisher is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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