The Economic Times

Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens

Aditya Birla Group is injecting 4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.