Dec 28, 2024 10:42 PM IST
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.
UK-based Vodafone Group has cleared dues of round ₹11,650 crore or about 109 million pound that it raised towards shares of Vodafone Thought, in response to a regulatory submitting.
Vodafone Group had pledged nearly your complete stake in VIL to lift the debt.(REUTERS)
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 Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding 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 filing said.
“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 mentioned.
The shares are valued at round ₹11,649 crore as per the closing worth of ₹7.41 apiece of Vodafone Thought 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.
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See extra Information / Enterprise / Vodafone Group clears dues owed to lenders value ₹11,650 cr