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Videsh Sanchar Nigam (VSND)

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Tuesday 09 November, 1999

Videsh Sanchar Nigam

Disposal Of Interest

Videsh Sanchar Nigam Limited
8 November 1999


Members of the Exchange are hereby informed that they are permitted to trade in
the undermentioned new securities of Videsh Sanchar Nigam Ltd,(Regional Stock
Exchange: Mumbai) with effect from Sunday, the 7th November 1999 (Diwali Day -
Muhurat Trading)

Securities                         Code No        ISIN Number       Scrip Id

1000000 Equity Shares of
Rs.10/-each at a price of 
Rs.750/-per share (offer for sale
of these shares in Videsh 
Sanchar Nigam Ltd. by Government
of India).

i) 629870 Shares Issue in           483               -              -
Physical Form.
Dist.Nos 64000001
to 64629870).


ii) 370130 Shares Issued in      500483      INE151A01013      VSNILDM
Dermat form.
(Dist. Nos.64629871 to 65000000)


For the year ending on the 31st March, 2000, these share are entitled to receive
FULL dividend.


As regards trading in the Secondary Market, shares of VSNL will continue to be
traded in dematerialised form only.  For investors who wish to trade in physical
form, there is no provision to trade upto a maximum of 500 shares under the
category of odd lot trading, in terms of SEBI's Press Release PR 106/99 dated
the 3rd May 1999.


                          

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