VSL » Topics » Bombay House, 24 Homi Mody Street, MUMBAI 400 001.

This excerpt taken from the VSL 6-K filed Apr 6, 2006.

Bombay House, 24 Homi Mody Street, MUMBAI 400 001.

(Phone 5665 7921/7142, Fax 5665 8080)


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FORMAT FOR DISCLOSURE OF DETAILS OF ACQUISITION TO TARGET

COMPANY AND STOCK EXCHANGES WHERE THE SHARES OF THE TARGET

COMPANY ARE LISTED IN TERMS OF REGULATION 7(1A) OF SEBI (SUBSTANTIAL

ACQUISITION OF SHARES AND TAKE OVERS) REGULATIONS, 1997

 

Name of the Target Company    Videsh Sanchar Nigam Limited
Name of the acquirer and PACs with the acquirer    Tata Sons Ltd.
Details of the acquisition as follows    No. of Shares   

% w.r.t. total paid up

capital of Target

Company

a) Shares/ before acquisition / under consideration    57,09,497    2.00

b) Shares acquired

(see note below)

   46,51,000    1.63
c) Shares/VR after acquisition/    103,60,497    3.63
Mode of acquisition (eg. open market/public issue/rights issue/preferential allotment/inter se transfer etc.)    Open Market/inter se transfer
Mode of sale (eg. open market/MOU/Off market etc.)    NA
Date of acquisition of shares    29th March 2006
Paid up capital/total voting capital of the target company before the said /sale    Rs.285,00,00,000
Paid up capital/total voting capital of the target company after the said /sale    Rs.285,00,00,000

Note: Tata Sons Ltd. acquired 46,51,000 shares of VSNL constituting 1.63% of equity share capital of VSNL through a single transaction in the separate window provided by Stock Exchange for Block deal’ on 29th March 2006.

 

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Bombay House 24 Homi Mody Street, MUMBAI 401 001

Tel 91 22 5665 8282 Fax 91 22 5665 8080 e-mail tatasons@tata.com


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