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Vodafone Idea shares continue freefall after Birla quit as Chairman
By IANS |
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Aditya Birla Group Chairman Kumar Mangalam Birla. (File Photo: IANS). Image Source: IANS News
Mumbai, Aug 5 : Shares of Vodafone Idea plunged further on Thursday after Kumar Mangalam Birla stepped down as its Non-Executive Chairman.
Its shares have been tumbling for the past three days after Birla offered to hand over his stake in the debt-ridden company to government entities in a bid to keep the company operational.
Around 11.50 a.m., its shares on the BSE were trading at Rs 5.33, lower by 11.61 per cent from its previous close.