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Kumar Mangalam Birla offers to hand over Vodafone Idea stake to government

Source: PTI New Delhi: Aditya Birla group Chairman Kumar Mangalam Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd (VIL) to the government or any other entity that the government may consider worthy to keep the company operational. The billionaire businessman made the offer in June in a letter to Cabinet Secretary Rajiv Gauba. According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding. VIL alongwith Bharti Airtel had approached the Supreme Court for correction in the government calculations but their plea was rejected.

Stocks in news: Tata Motors, Adani Enterprises, PNB, RBL, HDFC and more

Stocks in news: Tata Motors, Adani Enterprises, PNB, RBL Bank, HDFC and more On Monday, the benchmark indices ended higher amid a positive trend in global equities. Sensex closed 363 points higher at 52,950 and Nifty surged 122 points to 15,885 Stocks in news: Tata Motors, Adani Enterprises, PNB, RBL, HDFC and more Business Today Updated Aug 03, 2021, 8:55 AM IST Indian benchmark indices are likely to open lower today as the SGX Nifty was trading at 15,865, down 49 points or 0.31 per cent. On Monday, the benchmark indices ended higher amid a positive trend in global equities. Sensex closed 363 points higher at 52,950 and Nifty surged 122 points to 15,885.

Business news live - The Hindu

Business news live - The Hindu
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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