Private Equity

Private Equity Fund Investments

Kumar Mangalam Birla offers his stake in Voda Idea to Govt

Financial Express  

Kumar Mangalam Birla, chairman of financially troubled Vodafone Idea Ltd (VIL), has offered to give up his stake in the company to any public sector, government or domestic financial entity which can keep the company as a going concern. He made the offer to the government through a letter on June 7 in which he also listed the areas where the Centre's support was needed by the end of July. Without the help, he said, the company's operations would be driven to “an irretrievable point of collapse”.