Vodafone Idea Limited has informed the exchanges that its Board of Directors has approved the issuance of a corporate guarantee and the creation of a share pledge to support a proposed ₹3,300 crore Non-Convertible Debentures (NCD) issuance by its wholly owned subsidiary, Vodafone Idea Telecom Infrastructure Limited (VITIL). The decisions were taken at the board meeting held on December 9, 2025, which concluded at 5:00 PM.
According to the filing, VITIL plans to raise funds through unlisted, unrated, secured and redeemable NCDs, and the parent company will extend an unconditional and irrevocable corporate guarantee in favour of IDBI Trusteeship Services, the debenture trustee. Vodafone Idea Communication Systems Limited (VICSL), also a wholly owned subsidiary, will issue a similar guarantee.
In addition, Vodafone Idea will execute a pledge agreement to create a first-ranking exclusive charge over 100% of VITIL’s equity share capital, held collectively by Vodafone Idea, VICSL and nominee shareholders. This share pledge will secure the obligations related to the proposed NCD issue.
The company noted that the guarantee would be treated as a contingent liability on its books. All related-party considerations were reviewed and approved by the Audit Committee and the Board, and the transactions have been confirmed to be conducted at arm’s length.
This move forms part of Vodafone Idea’s ongoing capital-raising and infrastructure financing efforts as it looks to strengthen its network assets through subsidiaries such as VITIL.
