Kumar Mangalam Birla steps down as Vodafone Idea non-exec chairman; Himanshu Kapania to take over

New Delhi: Aditya Birla Group (ABG) chairman Kumar Mangalam Birla has resigned as non-executive chairman and director of cash-strapped Vodafone Idea (Vi). The development casts further gloom at a time when the telco is desperately trying to raise funds andseek government aid to continue operations.

Himanshu Kapania, currently non-executive director and the former managing director of the erstwhile Idea Cellular before its merger with Vodafone India, will replace Birla.