India: Birla Group chief may infuse at  least  $150m into Vodafone Idea

India: Birla Group chief may infuse at  least  $150m into Vodafone Idea

Kumar Mangalam Birla. Photographer: Udit Kulshrestha/Bloomberg

Aditya Birla Group chairman Kumar Mangalam Birla is close to investing at least $150 million in Vodafone Idea Ltd in his personal capacity, two people aware of the matter said, as an immediate measure to keep the group’s cash-strapped telecom business afloat.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter