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Birla Group Holdings acquires 35.3 crore Vi shares post-amalgamation

About 35.37 crore shares, or 0.52% stake of Vodafone Idea held by Birla TMT Holdings, have been transferred to Birla Group Holdings after amalgamation scheme involving certain entities got NCLT nod, although Aditya Birla Group’s overall shareholding in the telco remains unchanged, according to a statutory filing.

The total Aditya Birla Group shareholding in Vodafone Idea remains the same at 15.01%, while the total promoter and promoter group shareholding in VIL remains the same at 38.17%.

The National Company Law Tribunal, Kolkata Bench and National Company Law Tribunal, Mumbai Bench, through its orders earlier this year, sanctioned the scheme of amalgamation of Birla Family Investments, Birla TMT Holdings, Umang Commercial Company, Aditya Birla Online Fashion, Infocyber India, and Sunbeam Trading and Investments with Birla Group Holdings, according to VIL’s BSE filing.

Consequently, all the assets and liabilities of the transferor companies have been transferred to and vested in transferee company (Birla Group Holdings) on May 24, 2024 (effective date).

“Pursuant to the Scheme of Amalgamation 35,37,98,538 (0.52%) equity shares of Vodafone Idea held by…Birla TMT Holdings have stood transferred to and vested in Birla Group Holdings on May 24, 2024,” it said.

Birla Group Holdings shall be categorised as a promoter of Vodafone Idea.

“Accordingly, our holding of equity shares in Vodafone Idea stands at 35,37,98,538 (0.52%) equity shares. The total Aditya Birla Group shareholding in Vodafone Idea remains the same at 15.01%. Total promoter/promoter Group shareholding Vodafone Idea remains the same at 38.17%,” it said. PTI

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