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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3266)	11/22/1998 1:36:00 PM
From: Mohan Marette	Respond to of 12475

Credit Suisse First Boston and Salomon Brothers bag telecom giant VSNL selloff Anil Padmanabhan & Josey Puliyenthuruthel in New Delhi The core group on disinvestment headed by cabinet secretary Prabhat Kumar has selected Credit Suisse First Boston and Salomon Brothers as global coordinators for the government equity sell-off in Videsh Sanchar Nigam Ltd at a record low fee of 1.24 per cent. The government plans to dinvest 11 million shares of VSNL early next year through an international and domestic offering. A price range of between Rs 700 and 900 per share is expected. This will translate into an issue size of between Rs 770 crore (Rs 100 crore = Rs 1 billion) and Rs 990 crore. business-standard.com