KM Birla didn’t disclose offer to sell his stake to govt, Vodafone Idea shareholder complains to SEBI

New Delhi: A shareholder of Vodafone Idea, Satya Prakash Sinha, has complained to SEBI that on June 7, when Kumar Mangalam Birla, the Chairman of Vodafone Idea Limited, offered his stake to the government of India or any company approved by the government for free, the information was not shared with the stock exchanges.

The matter came to light on August 2 when it was reported by the media. The stock exchanges had sought clarification from Vodafone Idea on August 4.

KM Birla resigned as the Chairman of Vodafone Idea on August 4, after stock exchanges sought the clarification, the complaint said.