Front Page

Tatas take over VSNL

MUMBAI, FEB. 13. The Tatas today took charge of the Videsh Sanchar Nigam Limited (VSNL) after signing shareholders' agreement with the Union Government for acquisition of 25 per cent stake in the telecom major for Rs. 1,439 crores.

Immediately after signing of the agreement, Ratan Tata took over as chairman of the reconstituted board and held its first meeting today. He ruled out any possibility of laying off existing VSNL employees and assured that the telecom major was manned adequately and the Tata group would leverage its strength in an effective manner. - PTI

Send this article to Friends by E-Mail

Front Page

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• We can facilitate Indo-Pak. talks: Bush
• 60 p.c. voter turnout in Punjab
• Musharraf talks of 'Indian n-test'
• Disinformation campaign: PM
• First phase of U.P. poll today
• Another round of `big ticket' privatisation
• Tatas take over VSNL
• New NSG chief
• Houses attacked
• Phone may go off I-T scheme

Copyright © 2002, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu