Vodafone Group Clears ₹11,650 Crore Dues Secured Against Vodafone Idea Shares

UK-based Vodafone Group has settled approximately ₹11,650 crore (around £109 million) in dues raised against its pledged shares in Vodafone Idea (VIL), according to a regulatory filing.

Pledged Stake for Debt

The group had pledged almost its entire stake in VIL to secure the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK) for loans taken by Vodafone Group’s entities in Mauritius and India.

On December 27, 2024, HSBC Corporate Trustee Company (UK), acting as a security trustee, released the pledged shares after the debt repayment. As a result, the encumbrance on 15.72 billion equity shares held by Vodafone Promoter Shareholders, representing 22.56% of VIL’s equity, has been removed.

Share Value and Stake Distribution

The released shares are valued at approximately ₹11,649 crore, based on VIL’s closing stock price of ₹7.41 per share on Friday. Vodafone Group retains a 22.56% stake in VIL, while Aditya Birla Group holds 14.76%, and the Indian government owns 23.15% as of September 30, 2024.

About Vodafone Idea

Vodafone Idea is a major telecom service provider in India. The company offers mobile and long-distance communication services and deals with handsets and data cards.

Vodafone Idea share price is trading at ₹7.68, up by 2.81% or ₹0.21 as of December 30, 9:34 AM. The stock opened at ₹7.99 and reached the same as its intraday high, with a low of ₹7.61 so far. 

The company’s market capitalisation stands at ₹53,460 crore. Over the past 52 weeks, Vodafone Idea’s share price has fluctuated between a high of ₹19.18 and a low of ₹6.61.

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