Acquisitions23 Oct 2025, 05:50 pm
Vodafone Idea Ltd Completes First Tranche of Acquisition in Aditya Birla Renewables SPV 3 Limited
AI Summary
Vodafone Idea Ltd has completed the first tranche of acquisition in Aditya Birla Renewables SPV 3 Limited, investing Rs. 26,000/- as a first tranche in the equity share capital of ABRen SPV 3. The acquisition is a step-down subsidiary of Grasim Industries Limited, promoter of the Company. The primary business of ABRen SPV 3 is to generate and supply power through solar and wind energy. The acquisition is in line with the regulatory requirement for captive power plants under the provisions of Electricity Act, 2003 and Indian Electricity Rules, 2005.
Key Highlights
- Vodafone Idea Ltd completes first tranche of acquisition in Aditya Birla Renewables SPV 3 Limited
- Investment of Rs. 26,000/- as a first tranche in the equity share capital of ABRen SPV 3
- ABRen SPV 3 is a step-down subsidiary of Grasim Industries Limited
- Primary business of ABRen SPV 3 is to generate and supply power through solar and wind energy
- Acquisition is in line with the regulatory requirement for captive power plants