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Videsh Sanchar Nigam (VSND)

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Friday 25 August, 2000

Videsh Sanchar Nigam

Result of Meeting

Videsh Sanchar Nigam Limited
24 August 2000



LETTER TO COMPANY ANNOUNCEMENTS OFFICE

Sub: Ratio of Bonus Shares

We had informed you that at the Board Meeting held on 27 July 2000, the Board of
Directors of VSNL had approved recommending to the shareholders, resolutions
regarding increase in Authorised Capital of the Company from Rs.100 Crores
(divided into Ten crore shares of Rs. 10/- each) to Rs.250 Crores (divided into
Twenty Five crore shares of Rs.10/- each) and Issue of Bonus Shares at the rate
of one new share for each existing share.

The Government has come out with the policy on licensing for Domestic Long
Distance (DLD) services.  One of the criteria for DLD licence is to have a
paid-up capital to this level including proposing to shareholders, resolutions
regarding increase in Authorised Capital of the Company from Rs.100 Crores
divided into Ten crore shares of Rs. 10/- each to any appropriate amount and
Issue of Bonus Shares at a higher rate than already approved.

FROM VIDESH SANCHAR NIGAM LIMITED


                                                                                
                                                                                
                                                      

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