Vodafone: Kumar Mangalam Birla to Be Chairman of Vodafone India, Idea Merger
March 22 2018 - 9:38AM
Dow Jones News
By Adria Calatayud
Vodafone Group PLC (VOD.LN) said Thursday that Kumar Mangalam
Birla, chairman of Aditya Birla Capital Ltd. (540691.BY), will
become chairman of the company that is formed from the merger of
Vodafone's Indian operations and Idea Cellular Ltd.
(532822.BY).
Balesh Sharma, who currently is chief operating officer of
Vodafone India, will be chief executive of the company, while
Idea's Chief Financial Officer Akshaya Moondra will take on the
same role at the enlarged entity, Vodafone said. As CEO, Mr. Sharma
will be responsible for strategy and integration, the U.K. company
said.
Completion of the deal--which was agreed in March 2017--is
expected to take place in the first half of the year, Vodafone
said. Both companies continue to make progress in securing the
required regulatory approvals for the merger, Vodafone said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
March 22, 2018 09:23 ET (13:23 GMT)
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