Vodafone Group clears dues owed to lenders price ₹11,650 cr

Vodafone Group had pledged nearly your complete stake in VIL to lift the debt.

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The pledge was created in favour of HSBC Company Trustee Firm (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.

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“On 27 December 2024, HSBC Company Trustee Firm (UK) Restricted performing because the safety trustee for the lenders has launched the pledges pursuant to compensation of the excellent dues owed to the lenders by the Vodafone Promoter Shareholders.

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“Consequently, the oblique encumbrance on 15,720,826,860 fairness shares of the goal firm held by the Vodafone Promoter Shareholders representing 22.56 per cent of the fairness share capital of the goal firm on a completely diluted foundation has been launched,” the submitting stated.

“Consequently, the oblique encumbrance on 15,720,826,860 fairness shares of the goal firm held by the Vodafone Promoter Shareholders representing 22.56 per cent of the fairness share capital of the goal firm on a completely diluted foundation has been launched,” the submitting stated.

The shares are valued at round ₹11,649 crore as per the closing value of ₹7.41 apiece of Vodafone Concept inventory on Friday.

Vodafone Group holds a 22.56 per cent stake, whereas the Aditya Birla Group holds 14.76 per cent. The federal government has a 23.15 per cent stake as of September 30, 2024.