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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.