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Tata Comm soars to one year high on demerger of VSNL land

Last Updated: Friday, July 20, 2012, 12:07

Shares of Tata Communications Friday surged by over 7 percent in early trade, a day after the government approved demerger of surplus VSNL land into a separate company.

Cabinet approves demerger of surplus land of VSNL

Last Updated: Thursday, July 19, 2012, 21:28

The land is estimated to fetch Rs 6,150 crore to the exchequer.

Cabinet approves demerger of surplus land of VSNL

Last Updated: Thursday, July 19, 2012, 21:28

The land is estimated to fetch Rs 6,150 crore to the exchequer.

Cabinet likely to decide on surplus VSNL land on Thursday

Last Updated: Wednesday, July 18, 2012, 15:30

The Union Cabinet is likely to take a decision on the issue of surplus VSNL land pending since 2002 when Tata Communications acquired the PSU.

Cabinet note moved to sell VSNL land; may fetch Rs 6,150cr

Last Updated: Tuesday, December 13, 2011, 18:32

According to a source, the Department of Telecom (DoT) has sent the note to ministries including the Finance Ministry and the Department of Disinvestment.

VSNL Land: DoT to give Rs 2 cr loan for consulting firm to SPV

Last Updated: Sunday, August 21, 2011, 18:01

The Telecom Commission has asked DoT to provide Rs 2 crore loan to Hemisphere Properties, a special purpose vehicle, for appointing a consultant to deal with the issue of the surplus land with VSNL, now Tata Communications.