Shareholders of Vodafone Idea<\/a> have approved elevation of company's chief financial officer Akshaya Moondra<\/a> as new chief executive officer, according to voting result of the annual general meeting released on Tuesday. The company held its 27th AGM<\/a> (annual general meeting) on Monday in which 99.75 per cent shareholders voted in favour of the special resolution to appoint \"Akshaya Moondra as chief executive officer of the company\".
Moondra's appointment comes at a time when the company is reeling under debt of close to Rs 2 lakh crore and has been incurring huge losses.
VIL<\/a> has posted marginal narrowing of its consolidated loss at Rs 7,296.7 crore during the April-June quarter compared to the year-ago period, as tariff hikes boosted its realisations. The telco's loss stood at Rs 7,319.1 crore in the year-ago quarter.
He will have to handle key tasks of fund raise to support company operations and capital expenditure.
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