<p>State-owned telecom firm MTNL on Tuesday said it will on December 31 seek shareholders' nod to raise Rs 2,138.6 crore as part of sovereign guarantee bond.</p>.<p>The government allowed MTNL to raise up to Rs 6,500 crore for a tenure of 10 years through sovereign guarantee bonds as part of its revival package.</p>.<p>The company has already raised Rs 4,361.4 crore under the package on October 12.</p>.<p>It will seek shareholders' nod at its annual general meeting (AGM) scheduled for December 31.</p>.<p>"Now, your company is planning to raise the remaining amount of Rs 2,138.6 crore through issue of bonds. For issue of bonds/debentures, approval of shareholders is mandatory. The shareholders' approval is valid for one year from the date of this AGM," MTNL said in AGM notice.</p>.<p>MTNL will also seek shareholders' nod for appointment of P K Purwar as its chairman and managing director (CMD).</p>.<p>The Department of Telecommunications gave additional charge of the MTNL CMD to Purwar, who is also heading BSNL, on April 13, 2020.</p>.<p>Purwar has also served as MTNL CMD for about 5 years before taking charge as BSNL CMD.</p>
<p>State-owned telecom firm MTNL on Tuesday said it will on December 31 seek shareholders' nod to raise Rs 2,138.6 crore as part of sovereign guarantee bond.</p>.<p>The government allowed MTNL to raise up to Rs 6,500 crore for a tenure of 10 years through sovereign guarantee bonds as part of its revival package.</p>.<p>The company has already raised Rs 4,361.4 crore under the package on October 12.</p>.<p>It will seek shareholders' nod at its annual general meeting (AGM) scheduled for December 31.</p>.<p>"Now, your company is planning to raise the remaining amount of Rs 2,138.6 crore through issue of bonds. For issue of bonds/debentures, approval of shareholders is mandatory. The shareholders' approval is valid for one year from the date of this AGM," MTNL said in AGM notice.</p>.<p>MTNL will also seek shareholders' nod for appointment of P K Purwar as its chairman and managing director (CMD).</p>.<p>The Department of Telecommunications gave additional charge of the MTNL CMD to Purwar, who is also heading BSNL, on April 13, 2020.</p>.<p>Purwar has also served as MTNL CMD for about 5 years before taking charge as BSNL CMD.</p>