New Delhi: About 35.37 crore shares, or 0.52 percent stake Vodafone idea held by Birla TMT Holdingshave been transferred to Birla Group Holdings after a merger settlement involving certain entities was obtained NCLT nod, though Aditya Birla Group's total shareholding in the telco remains unchanged, according to a regulatory filing. Aditya Birla Group's total shareholding in Vodafone Idea (VIL) remains the same at 15.01 percent, while the total shareholding of the promoter and promoter group in VIL remains the same at 38.17 percent.
The National Company Law Tribunal, Kolkata Bench (NCLT) and the National Company Law Tribunal, Mumbai Bench through their orders earlier this year approved the merger plan of Birla Family Investments, Birla TMT Holdings, Umang Commercial Company, Aditya Birla Online Fashion. Infocyber India and Sunbeam Trading and Investments with Birla Group Holdings, according to VIL's BSE filing.
Accordingly, all assets and liabilities of the transferring companies were transferred to and vested in the transferring company (Birla Group Holdings) on May 24, 2024 (effective date).
“Under the merger programme, 35,37,98,538 (0.52 per cent) shares of Vodafone Idea, held by…Birla TMT Holdings, were transferred and acquired by Birla Group Holdings on May 24, 2024,” the report said.
Birla Group Holdings will be categorized as a promoter of Vodafone Idea.
“Accordingly, our shareholding in Vodafone Idea stands at 35,37,98,538 (0.52 percent) shares. The total shareholding of Aditya Birla Group in Vodafone Idea remains the same at 15.01 percent. The total shareholding of the promoter/promoter group Vodafone The idea remains the same at 38.17 percent,” the report said.
