Vodafone Idea Limited announced the appointment of Kumar Mangalam Birla as Additional Director (Non-Executive and Non-Independent) on the company’s Board, with effect from April 20, 2023. According to the company’s exchange filing, “it is hereby informed that based on recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company has, at its…
The board of Aditya Birla Fashion and Retail Limited (ABFRL) in its meeting approved raising of up to Rs.2,195 Cr. by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC). GIC will invest Rs. 770 Cr. now towards subscription of equity and warrants, followed by up…
Novelis Inc., a subsidiary of Hindalco Industries Limited, announced it will invest $2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA. The highly advanced facility will have an initial 600 kilotonnes of finished aluminum goods capacity per year. “This investment marks the start of another transformational growth phase for Novelis,” said Kumar…
Kumar Mangalam Birla to step down as Non-Executive Chairman of the Vodafone Idea Board, effective from 4th August, 2021. Also, the company announced the appointment of Himanshu Kapania as the Non-Executive Chairman and Sushil Agarwal as Additional Director. According to the Company’s exchange filing, “The Board of Directors of Vodafone Idea Limited, at its meeting…
Aditya Birla Fashion and Retail Limited (ABFRL) has announced that it has approved the raising of Rs. 1500 crore by way of preferential issue to Flipkart Group, according to the company’s exchange filings. With this infusion, Flipkart Group will own 7.8% equity stake in ABFRL on a fully diluted basis. The promoter and promoter group…
Vodafone Idea Limited (VIL) communicated its new unified consumer brand identity and positioning through a virtual launch today. The integration of two brands is a culmination of the largest telecom integration in the world, the Company said. Two of India’s most loved and admired brands are now ‘Together For Tomorrow’ giving birth to a new…