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VSNL was incorporated on April 1, 1986 under the Indian Companies Act , 1956 to take over the activities of the erstwhile Overseas Communication Services (OCS). The company operates a network of earth stations, switches, submarine cable systems, and value added service nodes to provide a range of basic and value added services . VSNL's main gateway centres are located at Mumbai, New-Delhi, Kolkata and Chennai. The international telecommunication circuits are derived via Intelsat and Inmarsat satellites and wide band submarine cable systems e.g. FLAG, SEA-ME-WE-2 and SEA-ME-WE-3. The company's ADRs are listed on the New York Stock Exchange and its shares are listed on major Stock Exchanges in India. The Indian Government owns approximately 26% equity, M/s Panatone Finvest Limited as investing vehicle of Tata Group owns 45% equity and the overseas holding (inclusive of FIIs, ADRs, Foreign Banks) is approximately 13% as on 31 December 2002, the rest is owned by Indian institutions and the public. VSNL with its dedicated work force of about 2000 employees is committed to providing efficient and cost effective world class telecommunications services.
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