MTNL shares rally 19% as government clears Rs 16,000 crore asset monetization

MTNL share price: MTNL has been grappling with a growing debt burden. As of August 30, 2024, the company's total debt amounted to Rs 31,944.51 crore. Recently, MTNL defaulted on a Rs 1,000 crore loan repayment to Bank of India and failed to meet loan installments totaling Rs 5,726.29 crore to several lenders.