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...The merger failed to turn around the business and Kumar Birla, the billionaire head of Aditya Birla, stepped down as chair of Vodafone Idea in 2021, warning that the mobile operator was close to “an irretrievable...
...Kumar Mangalam Birla, head of Aditya Birla group, resigned as Vodafone Idea’s chair in August after warning that the company was approaching “an irretrievable point of collapse”....
...Kumar Mangalam Birla resigned as chair of the company last month after warning that Vodafone Idea was approaching “an irretrievable point of collapse”....
...When Kumar Mangalam Birla, chair of the $46bn in revenue Aditya Birla Group, walked into Indian government offices in New Delhi the week before last with Vodafone Group’s chief Nick Read in tow, they had...
...Vodafone Idea’s National Stock Exchange-listed shares fell 14 per cent this week to Rs7.1, or about $0.01 a share, after a letter from June surfaced in which Kumar Mangalam Birla, whose Aditya Birla Group...
...The Aditya Birla Group, owned by Kumar Mangalam Birla, raised Rs27.7bn by listing its mutual fund business on October 11....
...Vikash Kumar Jain, investment analyst at brokerage CLSA, said foreign inflows began to pick up in recent days following substantial outflows in April and May....
...Vodafone Idea, a partnership between Kumar Mangalam Birla’s Aditya Birla Group and the UK-based operator, owes a total of Rs547.54bn ($7.4bn) to the government, while Bharti Airtel owes Rs259.76bn ($3.5bn...
...Although the court is yet to make a final decision on the government’s proposal, the scathing reception appears to leave few options for the company, a partnership between Kumar Mangalam Birla’s Aditya Birla...
...Vodafone Idea, a partnership between Kumar Mangalam Birla’s Aditya Birla Group and the UK-based operator, is facing potential ruin after India’s Supreme Court ruled in October that the company had three...
...Kumar Mangalam Birla, chairman of Vodafone’s partner ABG, said last month that “it doesn’t make sense to put good money after bad”....
...Other guests included Kumar Mangalam Birla, head of the $44bn-revenue Aditya Birla Group, and billionaire banker Uday Kotak. “The message [from the prime minister] was: ‘We are not anti-business....
...Vodafone Idea will retain Idea Cellular’s listing on the Indian stock exchanges, and will be chaired by Kumar Mangalam Birla, controlling shareholder of the Aditya Birla group, of which Idea Cellular was...
...Sitting alongside Mr Colao on Monday, Aditya Birla chairman Kumar Mangalam Birla — who will also chair the merged entity — stressed the complementary fit of Idea’s foothold in smaller towns and rural areas...
...The two companies confirmed on Monday that Vodafone will own 45.1 per cent of the combined group while Idea’s parent company, the Aditya Birla Group, will own 26 per cent after paying Rs 39bn ($579m) cash...
...Idea, controlled by the billionaire Kumar Mangalam Birla, who chairs the 160-year-old Aditya Birla metals-to-financial services conglomerate, is seen as a good match for Vodafone given its local roots, complementary...
...Kumar Mangalam Birla, chairman of the Aditya Birla Group, will remain as chairman of the new company, which is yet to be named....
...Kumar Birla and his Aditya Birla group are among the few large conglomerates with a healthy appetite for new investments....
...These included billionaire Kumar Birla of the Aditya Birla group, and pharmaceutical magnate Dilip Shanghvi, founder of Sun Pharmaceuticals, who plans a joint venture with telecoms group Telenor of Norway...
...Other applicants to set up a payments bank on Monday included billionaire tycoon Kumar Birla, head of the Aditya Birla Group, another large industrial conglomerate with a telecoms subsidiary, and Future...
...The move by Idea, which is majority-owned by billionaire industrialist Kumar Birla’s Aditya Birla conglomerate, is the largest raising of capital from institutional investors by a non-financial company since...
...the country’s largest cement business by sales and is led by acquisitively minded billionaire tycoon Kumar Birla....
...Last week provided an especially galling example of their predicament, as Indian police named billionaire Kumar Birla, one of the country’s most prominent tycoons, as part of a probe into the misallocation...
...Kumar Mangalam Birla, the head of the Aditya Birla group, India’s third-largest conglomerate by revenues, said worsening conditions in Asia’s third-largest economy would see his company delay capital expenditure...
...Aditya Birla is a family-run conglomerate led by billionaire Kumar Mangalam Birla, and is India’s third-largest company by sales....
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