The IMG has also given the green light to change the valuation formula for these properties. The new formula will give more preference to the independent value of the properties, rather than their book value as recorded by the companies.
BSNL, MTNL properties worth Rs 3,000 crore to be sold in Delhi, Hyderabad, and Lucknow.
The Indian government’s Inter-Ministerial Group (IMG) has given the green light for the sale of properties belonging to Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) worth a total of Rs 3,000 crores. The government will soon invite bids for these properties on the basis of a new valuation formula.