Kumar Mangalam Birla has rejoined the board of Vodafone Idea Ltd as an additional director, less than two years after leaving the mobile service provider.
Birla, will join the board on April 20, according to an exchange disclosure from Vodafone’s Indian joint venture. He is also the chairman of the Aditya Birla Group, which owned 8.36% of Vodafone Idea as of Feb. 7.
Earlier in the day, the telecom firm announced that Krishna Kishore Maheshwari, a former top executive at Aditya Birla Group-owned Ultratech Cement Ltd, had stepped down as a non-executive director for personal reasons.
Vodafone Idea‘s net debt was 2.23 trillion rupees ($27.18 billion) before the Indian government converted nearly $2 billion in debt into equity in February, becoming the company’s largest shareholder.
The government approved a bailout package for debt-ridden telecom companies in 2021, allowing them to convert interest on deferred adjusted gross revenue owed to the government into equity.