Vodafone Idea Limited — JV/Acquisition, 12-08-2025: Acquisition

Vodafone Idea (IDEA) is acquiring a 26% stake in Aditya Birla Renewables SPV 3 (ABRen SPV 3) for Rs. 1.56 Cr. This strategic move aims to establish a captive solar power plant in Maharashtra, allowing IDEA to secure cost-effective renewable energy and ensure regulatory compliance. ABRen SPV 3, currently with no turnover, is focused on setting up this plant. The acquisition, a related-party transaction, has been approved and is executed at arm's length. This helps IDEA optimize its energy costs.