
Usha Martin Telematics Limited (UMTL) announced an increase in its stake in Vodafone Idea Limited (VIL) through the acquisition of 608.62 million equity shares, representing 0.85% of VIL’s equity share capital. This acquisition, completed via preferential allotment, raises UMTL’s total shareholding in VIL to 0.98%.
Key Details:
- Pre-acquisition holding: 91.12 million shares (0.13% of equity share capital)
- Acquired shares: 608.62 million (0.85%)
- Post-acquisition holding: 699.75 million shares (0.98%)
- Mode of acquisition: Preferential allotment
- Date of acquisition: January 9, 2025
- Updated share capital: ₹713,930.35 crore (equity shares of ₹10 each)
The total shareholding of the Vodafone Group in VIL increased from 22.56% to 24.39% after this allotment, inclusive of shares acquired by Omega Telecom Holdings Private Limited.
This development highlights UMTL’s strategic investment in one of India’s leading telecom operators, signaling confidence in VIL’s potential growth amid its ongoing financial and operational restructuring.