Bharat Sanchar Nigam Limited agreed to acquire Mahanagar Telephone Nigam Limited (BSE:500108) on October 23, 2019. Upon completion, Mahanagar Telephone Nigam Limited will become a subsidiary of Bharat Sanchar Nigam Ltd. Government of India approved the transaction. The transaction is expected to be completed in 18-24 months. Bharat Sanchar Nigam Limited cancelled the acquisition of Mahanagar Telephone Nigam Limited (BSE:500108) on January 25, 2021. The transaction has been cancelled as the merger will not be feasible.