In line with the asset monetisation plans for state-owned telecom firms<\/a> BSNL<\/a> and MTNL<\/a>, four consultants including CBRE, JLL and Knight Frank have been roped in to gauge the market appetite and assess the process that could be adopted, a top company official said. A preliminary report on the land monetisation process is likely to be submitted by the month-end, BSNL Chairman and Managing Director P K Purwar added.
As many as 11 assets have been shortlisted for monetisation in case of Bharat Sanchar Nigam Ltd (BSNL) and about five for Mahanagar Telephone Nigam Ltd (MTNL).
Purwar -- who earlier this year was also handed the additional charge of MTNL -- confirmed that CBRE, JLL and Knight Frank are among the consultancy firms appointed by the Department of Investment and Public Asset Management (DIPAM<\/a>) for the process.
\"For BSNL, 11 assets have been shortlisted for monetisation. The consultants will assess monetisation process that should be followed, they will handhold both the organisations and DIPAM on what is a better way, how optimum value can be derived... they will do due-diligence on behalf of the department,\" Purwar told .
It may well take 8-10 months for the entire process to conclude, Purwar said, but added the preliminary report is expected by the month-end.
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