As per Anurag Thakur, minister of state for finance and corporate affairs, Mahanagar Telephone Nigam Limited (MTNL) has submitted a plan for monetisation of a set of assets through the Department of Investment and Public Asset Management (DIPAM) framework.
The assets proposed for sale include land, staff quarters and telephone exchange in Mumbai. However, no property in Delhi is presently under monetisation.
Further, international property consultants have been appointed for end-to-end transaction advice on monetisation of these properties. The value at which the assets would be monetised would depend on the feasibility of monetisation of the asset, monetisation model and the market conditions prevailing at the time of monetisation.
However, no specific time frame for the completion of these monetisation transactions is defined yet.