Mumbai, August 13, 2025 — Vodafone Idea (Vi) has announced a strategic investment of ₹1.56 crore to acquire a 26% equity stake in Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3), a special-purpose vehicle formed to own and operate a captive renewable energy power plant. The move is aimed at securing cost-effective green energy for its operations while complying with regulatory mandates under the Electricity Act, 2003 and Indian Electricity Rules, 2005.
The acquisition will be completed in one or more tranches over approximately six months. Vodafone Idea’s Audit Committee and Board have approved the transaction, categorizing it as a “Related Party Transaction” and securing all necessary clearances.
ABRen SPV 3, incorporated on November 21, 2024, is a step-down subsidiary of Grasim Industries Limited. It holds an authorized share capital of ₹6.50 crore and a paid-up equity of ₹1 lakh, spread across 10,000 shares of ₹10 each. As of now, the entity has no turnover.
This investment aligns with Vodafone Idea’s broader sustainability goals and its efforts to reduce operational costs through captive renewable energy sourcing. The company’s financials for Q4 FY25 showed a consolidated net loss of ₹7,166.1 crore, with a modest 3.8% year-on-year growth in revenue from operations. The average revenue per user (ARPU) rose to ₹175, up from ₹153 a year ago.
Vodafone Idea is expected to announce its fiscal first quarter earnings on August 14, with analysts watching closely for signs of operational recovery and strategic progress.
