Vodafone Concept’s chief regulatory officer P Balaji resigns

Vodafone Concept’s Chief Regulatory Officer P Balaji has resigned efficient from January 10, 2024.

The corporate knowledgeable the exchanges about this key personnel change on Wednesday morning.

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Balaji has been related to Vodafone for practically 15 years. He served as a Director at Vodafone India earlier than becoming a member of the senior administration because the CRO after Vodafone’s merger with Concept.

Balaji is the second senior personnel to resign from the cash-strapped agency within the latest previous. Earlier Ravinder Takkar resigned as Vi’s CEO, changed by Akshay Moondra, after serving within the position for 3 years.

The important thing modifications in personnel come at a time when the corporate is burdened with momentous liabilities, with no hopes for elevating further capital or credit score.

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businessline reported earlier this week, that the corporate’s going concern within the close to time period may be in danger as banks will quickly cease refinancing debt for the agency.

Resignation of high administration might point out mounting strain on the agency, as it’s unable to lift additional funds to pay again loans, or spend money on the 5G community.