According to a statutory filing, Birla TMT Holdings has transferred its Vodafone Idea Limited (Vi) shares worth Rs 353.7 million, or 0.52 per cent stake to Birla Group Holdings after amalgamation scheme involving certain entities got the National Company Law Tribunal’s (NCLT) approval.
As per Vi’s Bombay Stock Exchange (BSE) filing, NCLT Kolkata Bench and NCLT Mumbai Bench, through its orders earlier in 2024, sanctioned the scheme of amalgamation 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.
The total Aditya Birla Group shareholding in Vi remains the same at 15.01 per cent, while the total promoter and promoter group shareholding in Vi remains the same at 38.17 per cent.
Consequently, all the assets and liabilities of the transferor companies have been transferred to and vested in transferee company (Birla Group Holdings) on May 24, 2024. In addition, Birla Group Holdings shall be categorised as a promoter of Vi.
