Vodafone Group promoters of Vodafone Idea (Vi) have earmarked 3,280,000,000 equity shares (approximately 3.027% of the equity share capital) for the benefit of the Target Company. This move comes as part of an amendment to the Implementation Agreement, where shares will be sold over five years, with net proceeds benefiting Vi. The total value of earmarked shares is INR 35,292,800,000.
Earmarked Shares Overview
Vodafone Group promoters, including Euro Pacific Securities Ltd (EPSL), Omega Telecom Holdings Private Limited (Omega), and Usha Martin Telematics Limited (UMTL), have earmarked a significant portion of their holdings in Vodafone Idea Limited (Vi) for the company’s benefit. The earmarked shares represent approximately 3.027% of Vi’s total equity.
Implementation Agreement Amendment
This strategic decision follows an amendment dated December 31, 2025, to the Implementation Agreement. The earmarked shares will address contingent liability adjustments, aligning with the long-term financial goals of Vodafone Idea.
Details of Earmarked Shares
The total shares earmarked are 3,280,000,000, distributed among the promoters as follows:
- EPSL: 2,891,358,632 shares (approximately 2.67% of total share capital)
- Omega: 256,841,451 shares (approximately 0.24% of total share capital)
- UMTL: 131,799,917 shares (approximately 0.12% of total share capital)
Future Sale and Proceeds
The earmarked shares will be sold over a five-year period starting December 31, 2025. The sales will be executed under the instruction of an authorized person from Vodafone Idea. All net proceeds from the sale of these shares will go directly to the benefit of Vodafone Idea Limited.
Ownership and Restrictions
While the shares are earmarked, the Identified VIL Promoters will retain legal and beneficial ownership. However, these promoters cannot sell, transfer, dispose of, or create liens on the earmarked shares, except as provisioned in the Implementation Agreement.
Financial Impact
Based on the event date share value, the value of the shares on the date of the event totals INR 35,292,800,000. The equity shares of Vodafone Idea Limited closed at Rs. 10.76 on December 31, 2025.
Source: BSE
