Business Standard

Bonanza For Vsnl Staff

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BUSINESS STANDARD

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.

 

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

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