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Vodafone Idea shares plunge 24% a day after Birla's request to step down
... India 's Vodafone Idea tumbled as much as 24% on Thursday, a day after the troubled telecom operator 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 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 ...
Updated: 08/05/2021
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