Vodafone Idea disclosed acquisition of 26% equity in MTK Quantum Green Energy Pvt Ltd for ₹4.33 crore via SEBI Regulation 30 filing.
The acquisition supports regulatory compliance for captive power plants under Electricity Act 2003 and aims for cost-effective renewable energy.
Transaction involves cash consideration of ₹4.33 crore for 26% stake in SPV developing solar/wind captive plant in Tamil Nadu.
Deal is not a related party transaction, requires no governmental approvals, and expects completion within approximately 6 months.