Vodafone Idea to Acquire 26% Stake in MTK Quantum Green Energy

Vodafone Idea has entered into a Share Purchase Agreement and a Power Purchase Agreement on May 20, 2026, to acquire not less than 26% of the paid-up equity share capital of MTK Quantum Green Energy Pvt. Ltd. The transaction involves a cash consideration of ₹4.33 crore and is expected to be completed in approximately six months. MTK Quantum Green Energy is a special purpose vehicle formed to own and operate a Captive Power Plant.

Strategic Rationale

The acquisition is intended to comply with regulatory requirements for captive power plants under the Electricity Act, 2003, and the Indian Electricity Rules, 2005. Additionally, the move aims to facilitate the procurement of cost-effective renewable energy. The target entity is currently in the process of setting up a Captive Solar Power Plant in Tamil Nadu.

Target Entity Details

MTK Quantum Green Energy Pvt. Ltd. was incorporated on October 29, 2025. It is currently a subsidiary of Shree MTK Textiles Private Limited. The company has an authorized share capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. As of the disclosure date, the entity reported nil turnover and operates within the renewable energy industry.

Transaction Parameters

The key details of the agreement are summarized below:

Parameter	Details
Target Company	MTK Quantum Green Energy Pvt. Ltd.
Stake Acquired	Not less than 26%
Cost of Acquisition	₹4.33 crore
Consideration Type	Cash
Completion Timeline	Approximately 6 months

The company confirmed that the acquisition does not fall within related party transactions and that no specific governmental approvals are required for the transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.81%	+5.86%	+43.77%	+37.71%	+103.11%	+60.58%

Vodafone Idea recorded a block trade on the National Stock Exchange (NSE), with approximately 1,28,04,014 shares changing hands at a price of ₹13.22 per share, aggregating to a total transaction value of ₹16.93 crores.

Block Trade Details

The following table summarizes the key parameters of the block trade:

Parameter:	Details
Exchange:	NSE
Number of Shares:	~1,28,04,014
Trade Price:	₹13.22 per share
Total Trade Value:	₹16.93 crores

Block trades are large-volume transactions typically executed by institutional investors or significant market participants outside the regular order book, and are reported separately on the exchange. The execution of this trade at ₹13.22 per share across approximately 1,28,04,014 shares reflects a sizeable movement in Vodafone Idea's scrip on the NSE.