Vodafone Idea has acquired a 26% equity stake in MTK Quantum Green Energy Pvt. Ltd for ₹4.33 crore to secure cost-effective renewable energy. The telecom operator invested ₹4,33,22,500 to purchase 43,32,250 equity shares of ₹10 each in the special purpose vehicle. This strategic move allows Vodafone Idea to comply with regulatory requirements for captive power plants under the Electricity Act, 2003 and Indian Electricity Rules, 2005.

The acquisition was completed through cash consideration and does not fall within the purview of related party transactions. The promoter, promoter group, or group companies of Vodafone Idea do not hold any interest in MTK Quantum. No governmental or regulatory approvals were required for this transaction.

Target Entity Details

MTK Quantum Green Energy Pvt. Ltd was incorporated on October 29, 2025, and operates in the renewable energy sector. The company is currently in the process of setting up a Captive Solar Power Plant in Tamil Nadu. Its primary objective involves setting up solar and wind power plants for generating, transmitting, and distributing power.

Transaction Structure

The investment was executed following a Shareholder's Agreement and Power Purchase Agreement. MTK Quantum serves as the special purpose vehicle formed specifically for owning and operating the Captive Power Plant. The acquisition enables Vodafone Idea to procure renewable energy while adhering to regulatory standards.

Vodafone Idea Limited has allotted 430 crore warrants to Suryaja Investments Pte. Ltd, a member of the Promoter Group and an Aditya Birla Group entity, at an issue price of ₹11 per warrant. The allotment was approved by the Capital Raising Committee on 22 June 2026, following prior authorization from the Board and shareholders. The company received ₹1,182.50 crore against 25% of the issue price, amounting to ₹2.75 per warrant, while the remaining 75% is payable upon conversion.

The warrants are convertible into one fully paid-up equity share of the company with a face value of ₹10 at a premium of ₹1 each. This conversion can be exercised in one or more tranches within 18 months from the date of allotment. The issuance does not result in an immediate increase in the paid-up equity share capital of the company as the allotment pertains to warrants.

The Board of Directors had initially approved the issuance of warrants on a preferential basis at its meeting on 16 May 2026. Subsequently, the shareholders passed a special resolution approving the move at an Extra-Ordinary General Meeting held on 11 June 2026.

Key Details of the Allotment