Which Group of Companies purchased the shares of VSNL diversted

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Which Group of Companies purchased the shares of VSNL diversted by the Government of India, in 2002, for a strategic partner ?

1. Bharati Enterprieses
2. RIL
3. TCIL
4. Aditya Birla Group

Correct Option: C

VSNL was privatised in February, 2002 in favour of TCIL, a Tata, for Rs 1,439.25 crore. Including the earlier withdrawal, the government received Rs 3,689 crore for disinvested equity of 25 per cent held in VSNL. In March 2011, Telecom Minister Kapil Sibal triggered a fresh controversy ordering a probe into the disinvestment of erstwhile VSNL during the NDA regime in favour of Tatas.