Vodafone Idea will shut in absence of govt relief says Chairman Kumar Mangalam Birla
Vodafone Idea will have to be shutdown if the government doesn't provide relief that the company has sought, its Chairman Kumar Mangalam Birla said on December 6.
Birla was responding to a query, posed at the Hindustan Times Leadership Summit, about the company's course of action going forward in the absence of government relief.
Birla said the Aditya Birla Group will not invest any money in the company in the absence of relief from the government. "There is no sense that good money should follow bad money," he stated.
Birla said the company will have to opt for insolvency route in the absence of relief.