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Videsh Sanchar Nigam (VSND)

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Tuesday 21 March, 2000

Videsh Sanchar Nigam

Dividend Declaration, etc

Videsh Sanchar Nigam Limited
10 March 2000


DECLARATION OF INTERIM DIVIDEND FOR THE YEAR 1999-2000 AND NOTICE OF BOOK
CLOSURE FOR THE PURPOSE OF PAYMENT INTERIM DIVIDEND

This is to inform you that the Board of Directors of VSNL at its 105th Board
Meeting held on 10 March, 2000 approved payment of Interim Dividend at the rate
of Rs.6/-(Rupees Six Only) per share to the shareholders on the paid up share
capital of Rs.95/-crores amounting to Rs.57 crores.

Notice is hereby given pursuant to clause 16 of the listing agreement with
Indian Stock Exchanges that the Register of Members and Transfer Books of the
Company will be kept closed for a period of 7 days from 23 April 2000 to 29
April 2000 for the purpose of payment of interim dividend to the shareholders of
company.  The interim dividend will be paid to the shareholders whose name
appear on the Register of Members as on the last date of Book Closure, i.e. 29
April 2000.


                                                             

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