Vodafone Idea Stock Jumps 10% As K M Birla Returns To Company Board

Vodafone Idea: Aditya Birla Group Chairman Kumar Mangalam Birla returned to the board of the debt-ridden firm as an additional director in a non-executive and non-independent role.

Shares of Vodafone Idea jumped nearly 10 per cent in morning trade today after Aditya Birla Group Chairman Kumar Mangalam Birla returned to the board of the debt-ridden firm as an additional director in a non-executive and non-independent role.

The stock of the telecom firm zoomed 9.73 per cent to Rs 6.65 on the BSE.

At the NSE, it jumped 9.91 per cent to Rs 6.65.

Birla had stepped down from Vodafone Idea Ltd (VIL) board in August 2021 as non-executive chairman of the company.