Vodafone Group has settled outstanding dues of approximately Rs 116.50 billion (around £109 million) that were secured against its shares in Vodafone Idea Limited (Vi).
The Group had pledged nearly its entire stake in Vi to obtain this debt, which was arranged in favour of HSBC Corporate Trustee Company (UK) Limited for funds raised by its entities based in Mauritius and India.
As a result of this repayment, on December 27, 2024, HSBC Corporate Trustee Company (UK) Limited, acting as the security trustee for the lenders, released the pledges. Consequently, the indirect encumbrance on 15,720,826,860 equity shares held by Vodafone Promoter Shareholders which represents 22.56 per cent of Vi’s equity share capital on a fully diluted basis has been lifted.
