BENGALURU (Reuters) - 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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!