Birla steps down from Tata Steel board
Mumbai: Aditya Birla group chairman Kumar Mangalam Birla has stepped down from the Tata Steel board five months five months after Pilani Investment and Industries reportedly offloaded more than half its holding in Tata Steel and brought it down to around 40 lakh shares.

Pilani is controlled by Birla and his grandfather BK Birla.

Industry observers see this as a fall-out of the souring of relations between the Tatas and the Birlas after the two started their struggle for control over Idea Cellular.

The battle for control of India's third largest telecommunication services provider using GSM technology ended with the Tatas selling off their stake to the Birlas.

Three weeks ago, Kumarmangalam Birla stepped down from Maruti Udyog's board ostensibly because he could not dedicate time for the two companies.

Birla was recently inducted to RBI board and is also a member of the PM's council for trade and industry.
Back to News Review index page