The Department of Investment and Public Asset Management (DIPAM) has appointed four consultants including CBRE, JLL and Knight Frank, to gauge the market appetite and arrive at a process that could be adopted for BSNL’s and MTNL’s asset monetisation plans.
As per recent reports, around 11 assets of BSNL have been shortlisted for monetisation. Meanwhile, five assets of MTNL have been shortlisted for monetisation.
It is estimated that it might take 8-10 months for the entire process to conclude. Although, a preliminary report is expected to be out by the end of July 2020.