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Kumar Mangalam Birla may invest Rs 1,000 crore in Vodafone Idea: Sources

Promoter Kumar Mangalam Birla may invest tokens to increase investor confidence in the company

Vodafone Idea In order to save its existence, there is a dire need to infuse capital into it. According to information received by Moneycontrol quoting sources related to the matter, promoter Kumar Mangalam Birla may invest tokens to express his confidence in the company and increase the confidence of investors in the company.

According to information received from sources, Kumar Mangalam Birla can infuse around Rs 1000 crore in the company with this sentiment. Explain that Vodafone Idea is trying to attract investors for investment after the announcement from the relief package for the telecom sector. In such a situation, the investment of money by the promoter in the company will increase the confidence of the investors and they can come forward to put money in the company which is facing this crisis.

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Moneycontrol has also received information from sources that there is no agreement between the government and Vi (Vi) for infusion of a huge amount like Rs 10 thousand crores on behalf of promoters Vodafone Plc and Aditya Birla Group in the company. Let us tell you that Aditya Group chairman KM Birla has stepped down from the post of V chairman. But he has tried his best to persuade the government for the relief package for the telecom sector. This can bring in outside cash in the company.

It has also been received from sources that this token investment on behalf of KM Birla in the company can be done through a listed company of Birla Group. But there is every possibility that KM Birla will make this investment personally through a company owned by him. Money Control has not received any response from Aditya Birla Group, Vodafone Plc and V in this regard.

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