Archive · 15 Dec 2025
MTNL Sells GN Block Property for ₹351 Crore
MTNL, a big phone company, sold a building with 28 homes in Mumbai.
They sold it to NABARD for ₹351 crore.
The building is in a place called BKC.
The company's leaders agreed to this sale on December 15, 2025.
After the sale, the company's shares went down a little in price.
This sale helps MTNL get more money.
MTNL's Board approved the sale of GN Block, BKC Quarters.
The property includes 28 residential quarters in Bandra (East), Mumbai.
NABARD purchased the property for ₹351 crore.
The approval was given through a circular resolution on December 15, 2025.
MTNL's share price decreased by 2.20% to ₹36.05 on the BSE.
- Who
- Mahanagar Telephone Nigam Ltd (MTNL)
- What
- Sale of GN Block residential property
- When
- December 15, 2025
- Where
- MMRDA Plot No. R-4, BKC, Bandra (East), Mumbai
- Why
- To raise funds
- Property
- GN Block, BKC Quarters
- Location
- MMRDA Plot No. R-4, BKC, Bandra (East), Mumbai
- Number of Quarters
- 28
- Buyer
- NABARD
- Sale Amount
- ₹351 crore
- Approval Date
- December 15, 2025
- MTNL Share Price
- ₹36.05 (down by 2.20%)