Vodafone Idea Ltd. has issued a clarification on Monday regarding the possible transfer of a portion of Vodafone Group's shareholding to the Company as treasury stock.
The company clarified that it has received no such communication from shareholder Vodafone Plc "in relation to the above reported matter," in an exchange filing on Monday.
On Friday, reports had suggested that Vodafone Plc may transfer part of its stake in the Indian telecom operator to the company itself as treasury shares.
Vodafone Plc was reportedly considering transferring a portion of its nearly 19% stake in Vodafone Idea to the telecom company instead of infusing fresh capital directly into the business.
The company further said that media reports may be referring to a disclosure made by the company on Dec. 31, 2025 Contingent Liability Adjustment Mechanism (CLAM) arrangement.
"Further, we also wish to state that the news article may possibly be referring to disclosure made by the Company on 31 December 2025 about Contingent Liability Adjustment Mechanism (CLAM) arrangement, copy of which is again enclosed for ready reference," VI stated in its filing.
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The fresh filling also had a copy of the December filing which broke down the CLAM arrangement
"We wish to inform you that the company has reached an agreement with the Vodafone group and entered into an amendment agreement dated 31 December 2025," the old filing outlined.
It highlighted that the Company had recorded a sum of Rs.8,369 crore as receivable from Vodafone Plc, being the maximum cap for CLAM payments under the Implementation Agreement.
Of this, VGP has already paid 1,975 crore, and under the revised structure is supposed to release a defined amount of Rs. 2,307 crore over the course of the successive 12 months.
Lastly, the filing explained that a portion of the CLAM amount is secured through the earmarking of 3,280 crore equity shares of the Company by certain Vodafone Group Shareholders for a period of five years.
"Proceeds from the sale of these shares, at the instructions of a person authorised/ appointed by the Company's, will accrue to the Company. As on the date of the Amendment Agreement, the market value of the earmarked shares stands at Rs. 3,529 Crore," the filing underscored.
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