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CitiGroup acquires 6.3% of VSNL

Submitted by Karthik on 23 June, 2006 - 23:04

Citigroup Global Markets, along with other Citigroup companies, said it has acquired 6.3 per cent stake in telecommunications company Videsh Sanchar Nigam Ltd, in its filing with Securities and Exchange Commission, US, on June 19.

However, news agencies reports coming in late evening on Tuesday said that Citigroup was planning an amendment in its SEC filing to announce that its stake in VSNL was around 3 per cent only, and not 6.3 per cent.

Link: The Hindu Business Line.