Mumbai, May 6 -- The company informed exchanges that its board approved Birla's appointment as non-executive chairman with effect from 5 May 2026. The development was viewed positively by investors as Vodafone Idea continues efforts to revive operations and strengthen its financial position.

The board also accepted the request of Ravinder Takkar to step down as non-executive chairman. However, he will continue on the board as a non-executive director and has been appointed non-executive vice chairman with effect from 5 May 2026.

Birla's return comes at a critical juncture for the telecom operator, which has been battling heavy debt, subscriber losses and intense competition from larger rivals.

The appointment follows recent relief for ...