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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (2463)	8/21/1998 1:11:00 AM
From: djane	Read Replies (1) of 12475

India to Sell 10 Million Shares in VSNL totaltele.com By Eric Bellman at Bloomberg News 20-AUG-98 The government may sell 10 million shares of its stake in Videsh Sanchar Nigam Ltd., the country's only international phone company, the Business Standard newspaper reported, citing no sources. The sale would raise at least 8 billion rupees ($184 million) and lower the government's stake in the company to 54% from 65%. A government committee still has to decide about the timing of the issue and the portion to be sold at home and abroad, the daily said. India's Finance Minister Yashwant Sinha had said in June that the government will sell shares in four state-controlled companies, including VSNL, before March 1999. Related Stories India Prepares For Flood Of ISPs BT May Buy Stake in Indian Cell Phone Company India's MTNL to Start Cellular Phone Services in March 1999 Stories Related by Keyword India Prepares For Flood Of ISPs BT May Buy Stake in Indian Cell Phone Company India's Birla AT&T Looks for Cellular Partner India's MTNL to Start Cellular Phone Services in March 1999 International Calling Raises VSNL's Profit 92% India's Net-Telephony Ban in Trouble Tata Borrows Abroad for Mobile Phone Project Tata Borrows Abroad for Mobile Phone Project c Total Telecom 1998. All Rights Reserved. info@totaltele.com

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