Idea Board Reconstituted

Mumbai, Maharashtra, India , 2006-06-21

With the combined holding of the Aditya Birla Group companies in IDEA at 98.3%, the Board of IDEA has been reconstituted. Mr. Kumar Mangalam Birla has been named the Chairman. The other Directors on the Board are: Mrs. Rajashree Birla, Chairperson, Aditya Birla Centre for Community Initiatives and Rural Development; Mr. Sanjeev Aga, Managing Director, Aditya Birla Nuvo; Mr. Debu Bhattacharya, Managing Director, Hindalco; Mr. Saurabh Misra, Director, Aditya Birla Management Corporation Ltd.; and CEO, UltraTech; and Mr. M. R. Prasanna, Group Executive President (Legal), Aditya Birla Group.

Aditya Birla Nuvo Ltd. holds 35.7%, Birla TMT Holdings Ltd. 44.9%, Grasim 7.5%, and Hindalco 10.1% in IDEA.

The Group’s presence in telecom dates back to 1997 when operations started in 2 circles. The Company has since expanded and today IDEA covers the states of Kerala, Andhra Pradesh, Maharashtra (excluding Mumbai), Gujarat, Madhya Pradesh, Uttar Pradesh, Rajasthan, Himachal Pradesh, Delhi and Haryana, serving over 8 million subscribers.

Contact

Dr Pragnya Ram, Aditya Birla Group, +91 (022) 5652 5000
[email protected]