October 3, 2008

MAHANAGAR TELEPHONE: Still Faces INR1B Mumbai Sales Tax Demand

COMPANIES: Mahanagar Telephone Nigam Ltd
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Mahanagar Telephone Nigam Ltd., in its annual report on Form 20-F dated Sept. 25, 2008, disclosed that the outstanding amount of sales tax payments demanded by the state government of Maharashtra pertaining to Mumbai is INR1.099 billion.

The Company has received…

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