Videsh Sanchar Nigam Ltd (VSNL) has acquired the narrowband and broadband businesses of Dishnet's internet service provider (ISP) division for Rs 270 crore.
VSNL has signed a slump sale agreement with Dishnet for this acquisition, the Tata group controlled entity informed the Stock Exchange, here today.
This acquisition would help VSNL strengthen and consolidate its presence in the internet and broadband space, it added.
In a stride towards stabilizing and boosting economy the Finance Minister Nirmala Sitharaman introduced a new strategy to refund duties and taxes on exports, simple export credit and extra fund More
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