Vodafone Idea Share Price Surges Over 5% Following Approval of ₹4,730 Crore Aditya Birla Group Infusion

Vodafone Idea Ltd shareholders have approved a ₹4,730 crore investment from the Aditya Birla Group at an extraordinary general meeting held on Thursday, as per news reports.  

The fundraise will take place through the preferential allotment of up to 4.3 billion warrants to Suryaja Investments, an Aditya Birla Group entity, at an issue price of ₹11 per warrant. 

Promoter Holding Set to Increase 

Once the allotment is completed, the Aditya Birla Group's stake in Vodafone Idea will increase to around 13% from 9.6%.  

The investment plan was announced in May and comes after Kumar Mangalam Birla returned as chairman of the company's board.  

The transaction is valued at around $500 million. 

Funds to Be Used for Capex and Loan Repayment 

The company said the money raised will be used for capital expenditure and repayment of borrowings.  

Vodafone Idea has been raising capital over the past few years as it seeks to strengthen its finances and continue investments in network infrastructure. 

This investment adds to those plans and provides additional funding for the company's expenditure. 

Chairman Outlines Next Phase 

Addressing shareholders at the meeting, Kumar Mangalam Birla said Vodafone Idea had come through one of the most difficult periods in its history and that the company's attention is now on execution.  

He said work is continuing across operations, customer service and network expansion, with investments in infrastructure beginning to show results.  

Read More: Pine Labs Share Price Surges Over 3%; Launches P3P, Bringing Fully Automated AI UPI Payments to India! 

Vodafone Idea Share Price Performance  

As of June 12, 2026, 2:23 pm, Vodafone Idea Ltd share price was trading at ₹14.98, up 5.72% from the previous closing price. 

Conclusion 

The investment follows earlier measures to improve Vodafone Idea's financial position, including the government's conversion of a part of the company's spectrum dues into equity, which made it the largest shareholder with a stake of nearly 49%.  

The fresh capital will now be deployed towards network spending and reducing debt, in line with the company's stated plans. 

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