MTNL board approves sale of Powai property to I-T Department for ₹891.53 crore
NEW DELHI: State-owned Mahanagar Telephone Nigam Limited (MTNL) said on Thursday that its board has approved the sale of its property in Powai, Mumbai, to the Income Tax Department for ₹891.53 crore.
The property which is located at Plot-C, Technology Street, Powai has a land area of 20,895.60 square metres, MTNL said in a regulatory filing.
The sale will be carried out through a government-to-government (G2G) transfer or direct sale, the telco further said.
