MTNL shares drop 5% after PNB downgrades co’s loan account to NPA

MTNL shares fall: Shares of state-owned telecommunications service provider Mahanagar Telephone Nigam (MTNL) fell 4.65 per cent to Rs 52.41 during intra-day deals on Thursday. The fall in the stock price follows MTNL’s announcement to the exchanges, in which it said that Punjab National Bank (PNB) has downgraded the loan accounts of the company to NPA on September 9, 2024, due to non-payment of interest and installment.