New Delhi: Vodafone Idea managing director and chief executive officer Ravinder Takkar will not be given any remuneration during his current tenure of three years, according to a proposal by the company.
Vodafone Idea Limited (VIL) may bear expenses incurred by Takkar for the business of the company, the notice for the 25th annual general meeting of the company stated.
The AGM is scheduled to be held on September 30.
VIL appointed Takkar as its MD and CEO following the resignation of Balesh Sharma from the post.
According to the notice, Takkar has been appointed as MD and CEO for a period of three years with effect from August 19, 2019. He will be given “nil remuneration”.
His predecessor Sharma was paid Rs 8.59 crore in remuneration during his tenure and he was not entitled to any increase in the remuneration during 2019-20.
While other terms of Takkar’s appointment provide