Sub: Bemerger of surpios iand of VSNL The issue of demesger of surplus land of VSNL was discussed in the chamber of the then Hon'ble MOCAIT on 12.03.2007_ It was altanded by the following: Secretary(T} Member’S) ast) LAT) DDGIAS) DDGSH) 2 The following attematives were put before Hon'ble MOCAIT: 4) In tine with final cabinet note, following steps can be taken: ZESzZIS= @ Demerger of surplus land te HPIL; and e) it was also discussed that as per comments of Department of Revenue, the Strategic Partner shall be Bable to payment of Income tex, even though i dees not have any capital gain in the transaction. it was also discussed that retum af loan of Rs. 40 crores to Government shall be difBoutt for HPI 3. Hontble MOCAIT gave the following directions: (To know further details about the (Il) altamative, ie, Foe a Pa tn aa o # encroachment etc ofthe and, -— = (= To find out current market price of the jand. . - "(A DAS) DDG{SU) 16.03.2007