Videsh Sanchar Nigam Limited
16 February 2001
Sub: Disinvestment of 25% of the equity capital of VSNL through strategic sale
As per the listing agreement with the Stock Exchanges, please be informed that
the Government has approved the disinvestment of 25% of the equity capital of
VSNL, through strategic sale. The transaction in this regard would be executed
expeditiously.