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The Economic Times

Kumar Mangalam Birla raises stake in Vi, buys 1.86 crore shares

Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.

CNBC TV18

Kumar Mangalam Birla buys 1.86 crore Vodafone Idea shares on September 6, official data shows

September 6 is the day when shares of Vodafone Idea had declined over 11% after brokerage firm Goldman Sachs had maintained its "sell" rating on the telecom service provider and projected a price target of ₹2.5 on the stock.

Business Line

Mangalam Drugs receives $274,800 grant for Malaria drug research

This development aligns with MMV’s goal of advancing new malaria treatments and optimizing combination therapies

Business Standard

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

Business Line

UltraTech Cement to hit 200 mtpa capacity by FY27, says Kumar Mangalam Birla

Expansion is not a number game, but will bring down cost

Mint

SEBI to auction 19 properties, including buildings, flats and land of seven companies today

The companies are Jivan Sathi Dream Projects, Mangalam Agro Products, Purusattam Infotech Industries, Sun Plant Business, Ravi Kiran Realty India, Sumangal Industries, and Sunheaven Agro India, as per a notice.

The Economic Times

Birla Group cements lead, Adani plans taking shape

According to industry observers, the competition for leadership in the cement sector is expected to escalate following the Adani group's announcement of ambitious expansion plans. Currently, however, the Kumar Mangalam Birla group appears to have strengthened its position by acquiring a 23% stake in India Cements, thereby increasing its presence in the largest regional market in India, which boasts one of the highest per capita income.