Mahanagar Telephone Nigam (MTNL), a provider of basic telephony, mobile & internet services, witnessed a sharp rise in share price on Friday on media reports, that the government is planning to delist the stock ahead of its merger with state-owned Bharat Sanchar Nigam (BSNL).

On the other hand, MTNL has clarified that, 'As far as MTNL is concerned, no such proposal has been under consideration of the Board/ Management.'

Shares of the company are trading at Rs 18.45, up Rs 1.85, or 11.14% at the Bombay Stock Exchange (BSE) on Friday at 1:15 p.m.

Total volume of shares traded on the bourses today was higher by 1,164.75% to 14,734,542 compared with 22-day average volume of 1,165,019.