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KM Birla offers to transfer group's entire stake in beleaguered Vodafone Idea to Indian govt


Kumar Mangalam Birla. Photographer: Udit Kulshrestha/Bloomberg
August 3, 2021
Aditya Birla Group chairman Kumar Mangalam Birla has offered to transfer the group’s entire ownership in Vodafone Idea Ltd to the government in a last-ditch effort to keep the cash-strapped telco from collapsing.
In a letter to cabinet secretary Rajiv Gauba in June, Birla expressed the group’s inability to fund the company any further.
“It is with a sense of duty towards the 270 million Indians connected by Vodafone Idea, I am more than willing to hand over my stake in the company to any entity public sector/government /domestic financial entity or any other that the government may consider worthy of keeping the company as a going concern,” Birla said in the letter, parts of which were reviewed by Mint. ....

Mukesh Ambani , Aditya Birla , Reliance Jio Infocomm Ltd , Supreme Court , Vodafone Idea , முகேஷ் அம்பானி , நம்பகத்தன்மை ஜிோ இன்பொக்கோம்ம் லிமிடெட் , உச்ச நீதிமன்றம் , வோடபோன் யோசனை ,