Vodafone promoters encumber 3.28 billion shares via non-disposal undertaking
IDEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Vodafone Promoters (10 entities) are creating a non-disposal undertaking on 3.28 billion Vodafone Idea shares, equal to 18.84% of their promoter holding and 3.03% of total equity. This is for the benefit of the company under the Implementation Agreement, not against any debt. Shares were earmarked on 31 Dec 2025; formal encumbrance created on 30 Sept 2026. Encumbered value is about Rs. 4,447.68 crore at Rs. 13.56 per share. Below 50% of promoter holding.
Promoters cannot sell 3.28 billion shares for 5 years due to non-disposal undertaking, signaling commitment. Modest encumbrance, not a distress signal.