Vodafone Idea Acquires 26% Stake in Aditya Birla Renewables SPV 3 to Strengthen Renewable Energy Portfolio

Mumbai, October 23, 2025: Vodafone Idea Limited (NSE: IDEA, BSE: 532822) has invested ₹26,000 for a 26% stake in Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3), marking the first tranche of a total proposed investment of ₹1.56 crore in the company.

The investment aligns with the company’s initiative to secure cost-effective renewable energy through captive supply contracts, the company disclosed. The investment is a cash consideration for 2600 equity shares with a par value of ₹10 apiece, which represents 26% equity ownership in ABRen SPV 3.

Aditya Birla Renewables SPV 3 Limited, incorporated on November 21, 2024, is part of the Aditya Birla Group’s growing focus on clean energy. Headquartered in India, the company has an authorized share capital of ₹6.5 crore and a paid-up capital of ₹1 lakh. Although it has not recorded any turnover in the past three financial years, the company operates in the renewable energy sector and plays a strategic role in expanding the group’s footprint in solar and wind power generation projects across India.

Investment Details

ABRL, through its subsidiary ABRen SPV 3, has proposed a total investment of ₹1.56 crore in its ongoing renewable energy project. In the first tranche, the company invested ₹26,000 by subscribing to 2,600 equity shares with a par value of ₹10 each, acquiring a 26% stake in ABRen SPV 3. The investment was fully paid in cash, with the remaining tranches scheduled for investment over the next four to six months, all in cash.

Purpose and Strategic Impact

The investment aligns with Vodafone Idea’s sustainability goals and compliance obligations for captive power generation. It is also aimed at reducing energy costs by procuring renewable energy under the Electricity Act 2003 framework. The transaction received all necessary board and audit committee approvals and was executed on an arm’s length basis as a related-party deal.

Share Price Update

As of 10:03 AM IST, 24 October 2025, the share price of Vodafone Idea Limited was at ₹9.34, down 1.89%. The stock opened at ₹9.52, reaching a high of ₹9.53 and a low of ₹9.25 during the session. With a market capitalisation of ₹1.01 lakh crore, the company has no reported P/E ratio or dividend yield. Over the past 52 weeks, the stock has ranged between ₹6.12 and ₹10.47. No quarterly dividend has been declared for the current period.

REF: https://nsearchives.nseindia.com/corporate/IDEA_23102025175104_SEIntimationABRELequity_investment23102025Signed.pdf

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