Latest News In a significant corporate restructuring within the Aditya Birla Group, around 35.37 crore shares, equating to a 0.52 per cent stake in Vodafone Idea, have been transferred from Birla TMT Holdings to Birla Group Holdings.
This move comes after the National Company Law Tribunal (NCLT) approved an amalgamation scheme involving several entities within the group. Despite this internal reshuffling, the Aditya Birla Group's overall stake in the telecommunications giant remains steady at 15.01 per cent.
The total promoter and promoter group shareholding in Vodafone Idea also remains unchanged at 38.17 per cent. This development follows the sanctioning of the amalgamation scheme by both the Kolkata and Mumbai Benches of the NCLT earlier this year.
The scheme involved the merger of Birla Family Investments, Birla TMT Holdings, Umang Commercial Company, Aditya Birla Online Fashion, Infocyber India, and Sunbeam Trading and Investments into Birla Group Holdings. As a result of this amalgamation, effective May 24, 2024, all assets and liabilities of the aforementioned transferor companies have been consolidated under Birla Group Holdings. This strategic move has led to the transfer of 35,37,98,538 equity shares of Vodafone Idea previously held by Birla TMT Holdings to Birla Group Holdings, thereby categorizing it as a promoter of Vodafone Idea.
The statutory filing with the Bombay Stock Exchange (BSE) detailed these changes, emphasizing that despite the internal transfer of sh.
