Vodafone Group clears about Rs 11,650 cr dues raised against VIL shares

UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.

Vodafone Group had pledged almost the entire stake in VIL to raise the debt.

The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.

The shares are valued at around Rs 11,649 crore as per the closing price of Rs 7.41 apiece of Vodafone Idea stock on Friday.

Vodafone Group holds a 22.56 per cent stake, while the Aditya Birla Group holds 14.76 per cent. The government has a 23.15 per cent stake as of September 30, 2024.