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Aditya Birla Fashion and Retail Ltd appoints additional director, vice-chairman

Posted On: 2019-12-10 17:17:13

The Board of Directors vide their resolution dated December 10, 2019, has approved the appointment of Mr. Himanshu Kapania as an Additional (Non-Executive) Director and Vice-Chairman of the Company w.e.f. January 1, 2020, liable to retire by rotation, subject to the approval of the shareholders at the ensuing thirteenth Annual General Meeting of the Company.

Mr. Himanshu Kapania, aged 58 years, an alumnus of IIM Bangalore and BIT Mesra, is the former Managing Director of erstwhile Idea Cellular renamed 'Vodafone Idea Limited' after merger with Vodafone India and is presently on the Board of the new mobile company. Mr. Kapania is also the Vice Chairman of Grasim Industries and a member of the 'Business Review Council' for Aluminum business of Hindalco and Cement business of UltraTech, Indian listed companies promoted by the Aditya Birla Group.

Mr. Kapania has over 34 years of work experience primarily in Management Leadership, Technology, Operations, Sales & Marketing etc., with deep understanding of Indian consumers and society. His tryst with the Indian telecom industry dates back to over two decades and he has been a key contributor to the exponential growth of the sector while assisting Indian government in formulating Mobile Services Policies & Regulation.

He has served on the Global GSMA Board for two Years in 2015 and 2016, and was also Chairman of COAI (Cellular Operators Association of India) during 2012-14 and 2015. He is presently Chairman of FICCI Council on 'Telecom, Electronics and Digital Economy' (TED Council).

Mr Kapania, has been consistently recognized for his leadership skills and is a recipient of many prestigious awards including - 'Business Today' and 'Voice & Data' India's Best CEO Award in 2014 & 2015; CNBC India Business Leadership Award in 2015 and ET Telecom Award in 2014 & 2016 etc.

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.224 as compared to the previous close of Rs. 225.05. The total number of shares traded during the day was 80176 in over 1343 trades.

The stock hit an intraday high of Rs. 227.8 and intraday low of 223.1. The net turnover during the day was Rs. 18036626.

Source: Equity Bulls

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