Vodafone Idea Limited (VIL) has issued 36.95 billion equity shares to the Government of India, represented by the Department of Investment and Public Asset Management (DIPAM), following approval under Section 62(4) of the Companies Act, 2013. The allotment, cleared by the company’s Capital Raising Committee on April 8, 2025, is valued at ₹36,950 crore, with shares issued at a face value of ₹10 each.
#JustIn | Vodafone Idea allots 3,695 crore shares to government of India for ₹36,950 crore. With this, government of India shareholding in the company stands at 48.99% pic.twitter.com/STHbmFOeuO
— CNBC-TV18 (@CNBCTV18Live) April 8, 2025
Conversion of Dues into Equity
This allotment marks the conversion of outstanding spectrum auction dues, including deferred payments, into equity as directed by the Ministry of Communications. With this, the Government of India now holds a 48.99% stake in Vodafone Idea’s expanded equity capital.
“The Capital Raising Committee of the Board of Directors of the Company has… issued and allotted 36,95,00,00,000 equity shares… aggregating to ₹36,950 crore to the Department of Investment and Public Asset Management, Government of India,” the company stated in an exchange filing.
Shareholding Restructuring
Following this development, Vodafone UK’s stake in Vodafone Idea has decreased to approximately 16.1%, down from 24.4%, while the Aditya Birla Group’s shareholding has dropped to 9.4% from just over 14%.
