Date: October 01, 2026
Board Meeting Outcomes
- Board of Directors approved via Circular Resolution dated 01.10.2026 the sale and transfer of MTNL Property at Powai Plot-C, Technology Street, Powai, Mumbai – 400 076
- Property sold to Income Tax Department through Government-to-Government (G2G) Transfer / Direct Sale
- Sale Value: ₹891.53 Crore
- Land Area: 20,895.60 Square Meters
- Transaction based on Rectification Deed terms
Approval Mechanism
- Approval based on Presidential Approval
- Alternative Mechanism (AM) approval obtained
- Income Tax Department's formal acceptance received
Property Details
- Location: Powai Plot-C, Technology Street, Powai, Mumbai – 400 076
- Transaction Type: Government-to-Government (G2G) Transfer / Direct Sale