Vodafone Idea Promoters Create Encumbrance on 328 Crore Shares
Vodafone Idea Promoters Create Non-Disposal Undertaking
The Vodafone Promoters have created a non-disposal undertaking over 3,280,000,000 equity shares of Vodafone Idea Limited. The shares were earmarked for the benefit of the company under an amendment to the Implementation Agreement dated December 31, 2025.
The encumbrance was created on September 30, 2026. The shares are held by Euro Pacific Securities Ltd, Al-Amin Investments Limited, Asian Telecommunication Investments (Mauritius) Limited, Trans Crystal Ltd, CCII (Mauritius), Inc., Prime Metals Ltd, Mobilvest, Vodafone Telecommunications (India) Limited, Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited.
Purpose of Vodafone Idea Share Encumbrance
The non-disposal undertaking has been created for the benefit of Vodafone Idea Limited in accordance with the Implementation Agreement. The filing states that the encumbrance relates to certain payment obligations of the Vodafone Group Promoters towards Vodafone Idea pursuant to the discharge of the CLAM amount under the Implementation Agreement.
The filing also clarifies that the encumbrance is a non-disposal undertaking, meaning the arrangement restricts disposal of the specified shares. It is not described as a pledge or lien in the disclosure.
Vodafone Promoters Shareholding and Encumbered Shares
The Vodafone Promoters collectively hold 17,414,045,221 equity shares of Vodafone Idea, representing approximately 16.07% of the company's equity share capital. On a fully diluted basis, their holding represents 15.46%.
The 3,280,000,000 encumbered shares constitute 18.84% of the Vodafone Promoters' aggregate shareholding. The encumbered shares represent 3.027% of Vodafone Idea's equity share capital and 2.91% on a fully diluted basis.
Vodafone Idea Promoter Encumbrance Value
The value of the 3,280,000,000 encumbered shares is stated at Rs.44,476,800,000, or approximately Rs.4,447.68 crore. The filing says this value was calculated using Rs.13.56 per share, which was the closing price of Vodafone Idea on the National Stock Exchange of India on September 29, 2026.
Vodafone Idea Promoter Encumbrance Highlights
| Particular | Details |
|---|---|
| Company | Vodafone Idea Limited |
| Type of Encumbrance | Non-disposal undertaking |
| Shares Encumbered | 3,280,000,000 shares |
| Shares in Crore | 328 crore shares |
| % of Total Equity Share Capital | 3.027% |
| % of Vodafone Promoters' Holding | 18.84% |
| Date of Creation | September 30, 2026 |
| Beneficiary | Vodafone Idea Limited |
| Aggregate Vodafone Promoters' Holding | 17,414,045,221 shares |
| Aggregate Promoter Holding | Approximately 16.07% |
| Fully Diluted Promoter Holding | 15.46% |
| Value of Encumbered Shares | Rs.4,447.68 crore |
| Reference Share Price | Rs.13.56 |
| Purpose | Certain payment obligations towards Vodafone Idea pursuant to discharge of the CLAM amount |
What to Watch Next
- Future company filings may provide updates regarding the obligations covered by the non-disposal undertaking and the related arrangements.
- Any future release, modification or invocation of the encumbrance would be relevant to the promoter shareholding structure.
- Subsequent shareholding and encumbrance disclosures can be monitored for any changes in the Vodafone Promoters' holdings or encumbered shares.
Disclaimer
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