{"id":101997,"date":"2023-04-21T12:25:00","date_gmt":"2023-04-21T06:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=101997"},"modified":"2023-04-21T13:31:01","modified_gmt":"2023-04-21T08:01:01","slug":"large-cap-telecom-stock-jumps-up-to-10-as-km-birla-returns-to-the-company-board","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-telecom-stock-jumps-up-to-10-as-km-birla-returns-to-the-company-board\/","title":{"rendered":"Large cap telecom stock jumps up to 10% as KM Birla returns to the company board"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1901628318\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of cash-strapped Vodafone Idea appreciated to the tune of 10% on Friday\u2019s morning trades to reach an intraday high of \u20b9 6.65 apiece after Kumar Managalam Birla returned to the company\u2019s board after a hiatus of 20 months.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1707187040\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Kumar Mangalam Birla, a Chartered Accountant and an MBA from the London Business School is the chairman of the Aditya Birla Group which operates in 36 countries across six continents. He has been at the helm of the group for more than 27 years and has built a highly successful meritocratic organisation, anchored by an extraordinary force of 180,000 employees.&nbsp;<\/p><p>Birla resigned from his position as the company\u2019s chairman in 2021 and has now returned as an additional director. At that time, the telecom company\u2019s financials were in turmoil. Its share price continued to fall thereafter and reached a low of \u20b9 5.70 apiece. His appointment is effective from April 20, 2023, subject to shareholder approval.&nbsp;<\/p><p>Meanwhile, Krishna Kishore Maheshwari, a former top executive at Aditya Birla Group-owned Ultratech Cement called it a day. He tendered his resignation as a non-executive director from the company\u2019s Board with effect from the close of business hours on April 19, 2023, due to personal reasons.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3088669616\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>At 11:27 AM, the company\u2019s shares were trading at \u20b9 6.45 apiece, 6.61% higher. Investors took the development positively and volumes jumped at the counter. A whopping 18.66 crore shares changed hands on the counter by 11:38 AM on Friday, as compared to merely 2.01 crore shares during the previous trading session.&nbsp;<\/p><p>Vodafone Idea is a leading telecom service provider in India, formed after a merger between the Birla Group\u2019s Idea Cellular and the British mobile carrier Vodafone Inc&#8217;s fully-owned Indian subsidiary.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4185975948\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of cash-strapped Vodafone Idea appreciated to the tune of 10% on Friday\u2019s morning trades to reach an intraday high of \u20b9 6.65 apiece after Kumar Managalam Birla returned to the company\u2019s board after a hiatus of 20 months.&nbsp; Kumar Mangalam Birla, a Chartered Accountant and an MBA from the London Business School is the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-101997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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