Vodafone Idea Limited has informed the Exchange that the Company has entered into a Power Purchase Agreement and a Share Purchase Agreement on 20 May 2026 for acquisition of not less than 26% paid up equity share capital of MTK Quantum Green Energy Pvt. Ltd.
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Vodafone Idea Limited has entered into agreements to acquire not less than 26% of the paid-up equity share capital of MTK Quantum Green Energy Pvt. Ltd. for a cash consideration of Rs. 4,33,22,500 (approximately Rs. 4.33 crore). MTK Quantum Green Energy is a special purpose vehicle incorporated on October 29, 2025, currently a subsidiary of Shree MTK Textiles Private Limited. The target company is setting up a captive solar power plant in Tamil Nadu. The acquisition is aimed at complying with regulatory requirements for captive power plants under the Electricity Act, 2003 and Indian Electricity Rules, 2005, and to procure cost-effective renewable energy. The deal is not a related party transaction, requires no regulatory approvals, and is expected to complete in approximately 6 months.
This acquisition strengthens Vodafone Idea's renewable energy strategy by securing captive power generation capacity, which could help reduce operational energy costs over time. For shareholders, this represents a strategic diversification into energy infrastructure rather than core telecom operations.