Kumar Mangalam resigns from Birla Global Finance

new delhi: a.v. birla group chairman kumar mangalam birla has resigned from the post of chairman of birla global finance ltd. birla global finance informed the bombay stock exchange on wednesday that kumar mangalam birla had resigned from the company effective from november 26, 2001. birla global finance, despite posting an impressive rs 8.82 crore profit last fiscal, was in financial strain which led to downgrade of its fixed deposit and debenture issues by credit rating agencies a few months ago.crisil downgraded the company's fixed deposit scheme to 'fa' from the earlier 'fa+' rating while pegging down the rating of its 70 crore debenture to 'bbb+' from the previous 'a' rating.