MTNL sale flies despite Indian political turmoil, Asia volatility

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MTNL sale flies despite Indian political turmoil, Asia volatility

December 05, 1997 12:00 AM

THE SUCCESSFUL completion of a $358m GDR offering by India's Mahanagar Telephone Nigam Ltd (MTNL) this week defied the spillover from the Asian currency crisis and the country's troubled political scene, providing fresh impetus to its notoriously slow privatisation programme.

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