Ratan Tata is Chairman of VSNL
Mumbai: Tata group chief Ratan Tata is the chairman of the reconstituted board of VSNL following the signing of the shareholders' agreement with the government for taking over VSNL.

S K Gupta was retained as managing director of the reconstituted board of the privatised corporation. "We have nominated S K Gupta as MD from our side. We also asked S K Sinha (finance director) to join the board as a Tata nominee but he declined the offer," Ratan Tata told reporters after handing over the cheque for Rs 1,439 crore in lieu of the government's 25 per cent stake in the telecom major.

The Tatas also nominated N Srinath as third director out of its quota of four places in the reconstituted board. Srinath would head an integration committee to work out the synergies between the corporate house's telecom venture and VSNL and plan the future growth strategy.

The Tata Group would also soon finalise the names of independent directors for the reconstituted board, Ratan Tata said, and added that the acquisition of VSNL would help the Tatas provide end-to-end customer services at competitive rates.
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