As Kumar Mangalam Birla steps down making way for Himanshu Kapania to take over as non-executive chairman of Vodafone-Idea, it is time to analyse what was the real meaning of his letter to the government.
Kumar Mangalam Birla will be chairman of the new company that will have a 12-member board of directors.
The VVIP guest-list will take some beating. It has Union Minister Rajnath Singh, the BJP President Amit Shah and industrialists Mukesh Ambani, Kumar Mangalam Birla and Ratan Tata.
The stock plunged 10.30 per cent to close at Rs 7.40 on the BSE. During the day, it tumbled 13.09 per cent to Rs 7.17 -- its 52-week low.
Aryaman had gone unsold in the first round of bidding. However, in the second round, 20-year-old Aryaman was snapped up by the Rajasthan Royals against his base price of Rs 20 lakh.
The left-handed opener hit 103 not out from 189 balls after being asked to follow on to help Madhya Pradesh salvaged a draw against Bengal in an Elite Group B game at the Eden Gardens in Kolkata on Thursday.