KM Birla steps down as non-exec chairman of Voda Idea

Aditya Birla Group (ABG) chairman Kumar Mangalam Birla has resigned as the non-executive chairman and director of Vodafone Idea (Vi), intensifying the gloom over the cash-strapped telco which has been desperately trying to raise funds and seek government help to survive.

Birla is being replaced by Himanshu Kapania, currently a non-executive director and a former managing director of the erstwhile Idea Cellular before its merger with Vodafone India.

“The Board of Directors of Vodafone Idea Limited, at its meeting held today, have accepted the request of Mr. Kumar Mangalam Birla to step down as Non-Executive Director and Non-Executive Chairman of the Board with effect from close of business hours on 4th August, 2021,” the company said in a notice to stock exchanges on Wednesday.

Source-Economic Times

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