Vodafone Idea amends shareholder agreement, governance structure

Vodafone Idea Limited (IDEA) has amended its Shareholders' Agreement to revise the ‘Qualifying Threshold' from 13% to 10%, allowing promoter groups to retain governance and management rights. This decision follows the Indian government's acquisition of 36,950,000,000 equity shares, increasing its stake in the company from 22.60% to 48.99%. The Aditya Birla group now holds 9.50% and the Vodafone group 16.07%. The Board of Directors approved this change on May 2, 2025, which includes disregarding the shares issued to the Government of India for this specific purpose. Furthermore, redundant clauses related to equalizing shareholding between the Promoter Groups and security over the Company’s shares have been deleted. Vodafone Idea plans to convene an extraordinary general meeting on June 3, 2025, to seek shareholder approval for amending the Articles of Association to reflect these changes.