AB Group reaffirms bet on Vodafone Idea with ₹4,730 crore infusion
Mumbai: Vodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group through a preferential allotment of warrants at an extraordinary general meeting (EGM) on Thursday.
With this, AB Group’s stake in the telecom operator will increase to around 13% from 9.6%.
Addressing shareholders, Vi chairman Kumar Mangalam Birla said the company has navigated one of the most challenging periods in its history through resilience and now focus shifts to execution.
