Don’t miss the latest developments in business and finance.

Bonanza For Vsnl Staff

Image
BUSINESS STANDARD
Last Updated : Feb 26 2013 | 12:54 AM IST

Videsh Sanchar Nigam Ltd (VSNL) chairman-cum-managing director S K Gupta will get a windfall of 4,500 shares at a discounted price of Rs 48 to Rs 49 per share against the current market price of Rs 166 (on the BSE). Even though the shares that are to be allotted to VSNL employees before the middle of February have a one-year lock-in period, Gupta stands to gain. His investment would be in the region of Rs 2.2 lakh against the Rs 7.56 lakh he would have had to pay had he chosen to buy the shares from the market at the prevailing rate.

Following the government

Also Read

First Published: Feb 08 2002 | 12:00 AM IST

Next Story