MTNL Unable to Fund 6th Semi-Annual Interest Payment for Bond Series VII E Due to Insufficient Funds
Published on: March 13, 2026, 2:54 p.m. | Source: scanx.trade
MTNL has informed stock exchanges that it could not fund the escrow account for the 6th semi-annual interest payment on its 7.75% Bond Series VII E due on March 24, 2026, citing insufficient funds. Despite this funding shortfall, the company emphasized that all its bonds carry sovereign guarantee from the Government of India, which can be invoked by the Debenture Trustee in case of payment defaults.
