Non core asset monetisation begins: Six BSNL, MTNL properties put up for bidding

Six properties of state-owned telecom carriers Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL NSE 6.13 %) have been put up for bidding on the MSTC NSE 0.70 % portal, as the government has begun monetisation of non-core assets through auction.

The Department of Investment and Public Asset Management (DIPAM) is conducting the auction. “Non-core asset monetisation commences with the first set of six properties of BSNL/MTNL bid out on the MSTC portal,” DIPAM secretary Tuhin Kanta Pandey tweeted on Saturday. ET had first reported about the government’s plan in this regard in March.