Vodafone Idea Limited has filed a disclosure under Regulation 30 of the SEBI Listing Regulations, further to its intimation dated 20 May 2026. The disclosure pertains to the completion of an acquisition in MTK Quantum Green Energy Pvt. Ltd. (MTK Quantum).

Nature of the Event

The company has acquired a 26% equity stake in MTK Quantum Green Energy Pvt. Ltd., a special purpose vehicle formed for owning and operating a Captive Power Plant.

Key Quantitative Figures

  • Investment Amount: ₹4,33,22,500 (₹4.33 crore)
  • Number of Shares Acquired: 43,32,250 equity shares of ₹10 each
  • Percentage of Shareholding Acquired: 26%
  • MTK Quantum's Authorised Share Capital: ₹17,00,00,000 divided into 1,70,00,000 equity shares of ₹10 each
  • MTK Quantum's Paid-up Share Capital: ₹16,66,25,000 divided into 1,66,62,500 equity shares of ₹10 each
  • MTK Quantum's Turnover: Nil

Dates of Action

  • Date of MTK Quantum Incorporation: 29 October 2025
  • Date of Disclosure Intimation: 20 May 2026 (previous)
  • Date of Acquisition Completion Disclosure: 30 June 2026

Parties Involved

  • Acquiring Company: Vodafone Idea Limited
  • Target Entity: MTK Quantum Green Energy Pvt. Ltd.

Purpose and Rationale

The acquisition was made to comply with regulatory requirements for captive power plants under the provisions of the Electricity Act, 2003 and Indian Electricity Rules, 2005. The stated purpose is the procurement of cost-effective renewable energy.

Transaction Details

  • Consideration Type: Cash consideration
  • Related Party Status: The acquisition does not fall within the purview of Related Party Transactions. The promoter/promoter group/group companies have no interest in MTK Quantum.
  • Government Approvals: No governmental or regulatory approvals were required for this acquisition.

Target Entity Background

MTK Quantum Green Energy Pvt. Ltd. operates in the renewable energy industry. Its business objective is setting up solar and wind power plants for generating, transmitting, and distributing power. The company is currently in the process of setting up a Captive Solar Power Plant in Tamil Nadu, India. The entity has no operational history as it was incorporated recently and has no turnover.

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