Tata Sons hikes stake in VSNL
The Hindu Business Line — September 12, 2006

Tata Sons has hiked its stake in Videsh Sanchar Nigam (VSNL) through open market purchase. The holding company of the Tata Group acquired 2 per cent stake in VSNL between August 9 and September 8, and now has 7.64 per cent stake in the company, according to a statement issued to the stock exchanges on Monday. Panatone Finvest Ltd, another Tata Group company, holds over 40 per cent stake in VSNL, while Tata Power holds less than one per cent, as of June.The Government holds over 26 per cent stake in VSNL.This is in keeping with the Tata Group's decision to increase holding in the key individual companies in its fold, said analysts.