EXHIBIT 1
(VSNL LOGO)
Rishabh Nath Aditya
Assistant Company Secretary
HQ/CS/CL.24B/10059
1 September 2003
Sir,
SUB: DETAILS OF SHARE HOLDING IN TERMS OF REGULATION 8(3) OF SEBI
(SUBSTANTIAL ACQUISITION OF SHARES & TAKEOVERS) REGULATIONS 1997
Please find sent herewith details of share holding in terms of
Regulation 8(3) of SEBI (Substantial Acquisition of Shares & Takeovers)
Regulations 1997.
Thanking you,
Yours faithfully,
For Videsh Sanchar Nigam Limited
R.N. Aditya
Asst. Company Secretary
To :
1) Security Code 23624, The Stock Exchange, Mumbai, Corporate Relationship
Department, 1st Floor, New Trading Ring, Rotunda Building, Phiroze Jee Jee
Bhoy Towers, Dalal Street, Mumbai - 400 001. Fax No.(22) 2722061, 2721072.
2) The Secretary, Madras Stock Exchange Limited, Post Box No.183, 11, Second
Line Beach, Chennai - 600 001. Fax No.(44) 524 48 97.
3) Security Code 32149, The Secretary, Calcutta Stock Exchange Assn. Ltd, 7,
Lyons Range, Calcutta - 700 001. Fax No.(33) 220 25 14/28 37 24.
4) Security Code 22064, The Secretary, Delhi Stock Exchange Assn. Limited,
3/1, Asaf Ali Road, New Delhi - 110 002. Fax No.(11) 329 21 81.
5) Security Code 5251, The Asst. Manager (Listing), National Stock Exchange
of India Limited, Capital Market - Listing, Exchange Plaza, Bandra Kurla
Complex, Bandra (E), Mumbai - 400 051.Fax Nos. : (22) 6598237/38.
6) National Securities Depository Ltd., Trade World, 4th Floor, Kamala Mills
Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013. Fax Nos. :
497 29 93.
7) Mr. Anish Kumar, The Bank of New York, Express Towers, 13th Floor, Nariman
Point, Mumbai - 400 021. Fax No.204 49 42.
8) Head Office : M/s. Sharepro Services, Satam Estate, 3rd Floor,Above Bank
of Baroda, Chakala, Andheri (E), Mumbai - 400 099 Ph. 821 5168 / 820 2108
/ 820 2114, FAX 837 5646
9) Ms.Caroline Yap, Managing Director, International Client Services, New
York Stock Exchange. No. :+1 2126565071
10) Mr. Hitendra Patil, Vice President (Operations) Central Depository
Services (India) Limited Phiroze Jee Jee Bhoy Towers, Dalal Street, Mumbai
- 400 023. Fax : 267 3199
11) Mr. Pavithra Kumar, for SEC filing requirements, Fax 1195
FORMAT FOR INFORMING DETAILS OF SHARES HOLDING {OBTAINED u/r8(1) & 8(2) FROM
ACQUIRERS**} BY TARGET COMPANY TO STOCK EXCHANGES, IN TERMS OF REGULATIONS 8(3)
OF SEBI (SUBSTANTIAL ACQUISITION OF SHARES & TAKEOVERS) REGULATIONS 1997
Name of the Target Company (Reporting company) Videsh Sanchar Nigam Limited
Date of Reporting 1 September 2003
Name of Stock Exchanges where shares of reporting VSNL shares are listed on Mumbai, Delhi, Madras,
company are listed Calcutta, National Stock Exchanges in India and VSNL
ADRs are listed on the New York Stock Exchange.
(I) INFORMATION ABOUT PERSONS HOLDING MORE THAN 15% SHARES OR
VOTING RIGHTS (VRS)
Name of persons holding more than 15% Details of shareholding/voting rights of persons mentioned at (I)
shares or voting rights as informed u/r 8(1) to target company
As on record As on record
As on 31 date for date for
March 2002 Changes, if dividend dividend
As on 31 March 2003 (previous any, between (Current (previous Changes if any
Names (current year) year) (A) & (B) year) year) between (D) & (E)
- ----- ------------------- ---------- ------------ ------------ ------------ -----------------
(A) (B) (C) (D) (E) (F)
------------------- ---------- ------------ ------------ ------------ -----------------
The Bank of
New York (as
depositary to
VSNL's ADR
issue) 30310704 59853902 -29543198 27980326 30799948 -2819622
-------- -------- -------- -------- -------- -------
Total (I) 30310704 59853902 -29543198 27980326 30799948 -2819622
======== ======== ======== ======== ======== =======
(II) Promoters or every person having control over a company and also persons
acting in concert with him
NAME OF PROMOTERS OR DETAILS OF SHAREHOLDING/VOTING RIGHTS OF PERSONS MENTIONED AT (II)
EVERY PERSON HAVING AS INFORMED u/r 8(2) TO TARGET COMPANY
CONTROL OVER A COMPANY
As on record As on record
As on 31 date for date for
March 2002 Changes, if dividend dividend
As on 31 March 2003 (previous any, between (Current (previous Changes if any
Names (current year) year) (A) & (B) year) year) between (D) & (E)
- ----- ------------------- ---------- ------------ ------------ ------------ -----------------
(A) (B) (C) (D) (E) (F)
------------------- ---------- ------------ ------------ ------------ -----------------
Panatone
Finvest Limited 128250000 71250000 57000000 128250000 128250000 0
Central
Government
Including
Nominees of
President of
India 74446885 74446885 0 74446885 74446885 0
Tata Sons
Limited 3720976 0 3720976 4494497 0 4494497
Tata Investment
Corporation Ltd 56000 0 56000 56000 0 56000
--------- --------- -------- --------- --------- -------
TOTAL (II) 206473861 145696885 60776976 207247382 202696885 4550497
========= ========= ======== ========= ========= =======
PERSONS ACTING IN CONCERT DETAILS OF SHAREHOLDING/VOTING RIGHTS OF PERSONS MENTIONED AT (II)
AS INFORMED u/r8(2) TO TARGET
As on record As on record
As on 31 date for date for
March 2002 Changes, if dividend dividend
As on 31 March 2003 (previous any, between (Current (previous Changes if any
Names (current year) year) (A) & (B) year) year) between (D) & (E)
- ----- ------------------- ---------- ------------ ------------ ------------ -----------------
NIL NIL NIL NIL NIL NIL
Total (III) NIL NIL NIL NIL NIL NIL
GRAND TOTAL
(I+II+ III) 236784565 205550787 31233778 235227708 233496833 1730875
========= ========= ======== ========= ========= =======
Place: Mumbai R.N. Aditya
Asst. Company Secretary