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Birla Offers To Give Up Vodafone Idea Stake Amid Worsening Financials
Kumar Mangalam Birla urges government to consider giving support to Vodafone Idea.
05 Aug 2021, 12:36 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Kumar Mangalam Birla, chairman of Aditya Birla Group. (Photographer: Dhiraj Singh/Bloomberg)](https://media.assettype.com/bloombergquint%2F2019-11%2F5c2b12cd-dadc-4e78-8dfc-456c95d7f340%2F204430712.jpg?rect=0%2C0%2C4000%2C2250&auto=format%2Ccompress&w=200)
Kumar Mangalam Birla, chairman of Aditya Birla Group. (Photographer: Dhiraj Singh/Bloomberg)
Ahead of the Supreme Court's latest judgment on adjusted gross revenue dues for telecom companies, Kumar Mangalam Birla, chairman, Aditya Birla Group wrote to the government seeking immediate support for Vodafone Idea Ltd. In the June 7 letter addressed to Cabinet Secretary Rajiv Gauba, Birla said that VIL had been trying to raise Rs 25,000 crore from potential foreign investors in a bid to sustain the company's operations and pay re...
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