Shares of India's Vodafone Idea tumbled as much as 24% on Thursday, a day after the troubled telecom operator's board accepted billionaire-industrialist Kumar Mangalam Birla's request to step down as non-executive chairman.Birla had engineered the merger of Idea Cellular, which was part of his Aditya Birla Group, and the India operations of Britain's Vodafone Plc in 2018 to form Vodafone Idea, creating what was the country's largest telecom operator at that time.Birla, who has a net worth of $14 billion according to Forbes, will be replaced by Aditya Birla Group-nominee Himanshu Kapania as non-executive chairman, Vodafone Idea said in a stock exchange filing.The company declined to comment on why Birla sought to step down, and representatives at the Aditya Birla Group did not immediately respond to emails given by several Media houses.
#Vodaphone #Idea #VI #Sharemarket 3Sensex #Birla #KumarMangalamBirla #Hybiz
HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. In the 11 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, promotional videos, interviews, ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country..
► Watch More Business Videos at India's Leading online business channel [ Ссылка ]
► like us on Facebook: [ Ссылка ]
► Watch More Videos on [ Ссылка ]
► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu
►Follow us on Twitter [ Ссылка ]
