“The Board of Administrators at its assembly held at present i.e. on 2 Could 2025 have inter-alia resolved to…amend sure clauses of the Shareholders’ Settlement (to which the Firm is a celebration) in order to change, amongst others, the ‘Qualifying Threshold’ from 13 per cent to 10 per cent and, solely for this function, to ignore the fairness shares initially issued to the Authorities of India,” the submitting stated.
Pursuant to the federal government rising stake from 22.6 to 48.99 per cent in Vodafone Thought, the shareholding of the Aditya Birla group corporations and the Vodafone group corporations stands at 9.5 and 16.07 per cent, respectively.
As per the shareholders’ settlement, Vodafone group corporations and Aditya Birla group corporations have sure governance and administration rights, as long as the promoter group holds 13 per cent or extra of the corporate’s fairness share capital on a completely diluted foundation.
“The proposed modification to the Articles of Affiliation is to revise the present Qualifying Threshold from 13 per cent to 10 per cent (solely for this function, disregarding the fairness shares initially issued to the Authorities of India), together with consequent amendments to the definition of ‘Share Capital’ and ‘Shareholding’ in order to make sure that the Promoter Teams retain governance and administration management over the Firm,” the submitting stated.
The governance and administration management will allow promoters to nominate administrators on the board of the corporate, appoint and dismiss key staff and so forth. The federal government accepted Vi proposal changing dues price Rs 36,950 crore into the corporate’s fairness. With this determination, the federal government’s stake in Vi elevated to 48.99 per cent from 22.6 per cent.
Earlier, the federal government had transformed Vi debt of about Rs 16,130 crore, comprising curiosity arising from deferment of AGR (adjusted gross income) and spectrum instalments in February 2023.
The overall debt of Vi elevated by about 7 per cent to Rs 2.17 lakh crore in December 2024 quarter primarily on account of improve in statutory liabilities.
VIL recorded a complete debt of Rs 2,03,400 crore in December 2023 quarter.
In response to the corporate’s investor presentation, the debt of Rs 2.17 lakh crore comprised Rs 2,14,700 crore cost obligations in direction of the federal government and Rs 2,300 crore debt from banks and monetary establishments.
