Mumbai:
Vodafone Idea Limited’s (Vi) board has approved the appointment of Kumar
Mangalam Birla as non-executive chairman, marking his return to the company’s
helm. Mr.Birla’s appointment is effective 5th May 2026.
He took
over the chairmanship from Ravinder Takkar, who has now transitioned to the
role of non-executive vice chairman. This change has
been approved by the Board of Vodafone Idea Limited as per a recent stock
exchange notification from
the Company.
The development is being viewed as significantly positive for investor and lender confidence, especially at a time when Vi is in advanced discussions to raise Rs 25,000 crore in debt funding. The company is also preparing for an accelerated network expansion cycle, with planned investments of around Rs 45,000 crore over the next three years, to achieve double digit revenue growth and triple its EBITDA.