Kumar Mangalam Birla steps down as non-executive chairman of debt-ridden Vodafone Idea

Vodafone Idea's board has "unanimously elected" Himanshu Kapania, currently a non-executive director, as the non-executive chairman.

New Delhi: Kumar Mangalam Birla has stepped down as non-executive director and non-executive chairman of Vodafone Idea, the company said on Wednesday. Himanshu Kapania, a nominee of the Aditya Birla Group, has been appointed as the non-executive chairman, Vodafone Idea Ltd (VIL) said. The changes come at a time when VIL is struggling to stay afloat. "The Board of Directors of Vodafone Idea, at its meeting held today, have accepted the request of Kumar Mangalam Birla to step down as Non-Executive Director and Non Executive Chairman of the Board with effect from close of business hours on 4 August, 2021," it said in a regulatory filing.