Vodafone Idea Ltd to Acquire 26% Stake in Aditya Birla Renewables SPV 3 Limited for Rs. 1,56,00,000

Vodafone Idea Ltd has entered into a Power Purchase Agreement and a Share Purchase Agreement on 12 August 2025 for acquisition of not less than 26% paid-up equity share capital of Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3). The acquisition is a related party transaction and is being done at arm's length. The cost of acquisition is Rs. 1,56,00,000. ABRen SPV 3 is a step-down subsidiary of Grasim Industries Limited, Promoter of the Company. The acquisition is expected to be completed in 6 months and will help Vodafone Idea Ltd to comply with regulatory requirements for captive power plants under the provisions of Electricity Act, 2003 and Indian Electricity Rules, 2005.