Aditya Birla Group on Saturday committed an equity infusion of $500 million (₹4,730 crore) in debt-ridden telco Vodafone Idea (Vi), as per an exchange filing.

On the day of Vi’s quarterly results, the board also approved the issuance of fully convertible warrants worth ₹4,730 crore ($500 million) to Promoter Group Aditya Birla on preferential basis. Each warrant is convertible into one fully paid-up equity share. Over the years, the Group has invested around ₹27,000 crore in Vi, as flagged by Sushil Agarwal, Chief Financial Officer and Director of Aditya Birla in Vi’s earlier investor’s meet.

“Issuance of upto 430 crore warrants (each convertible into one equity share) to Suryaja Investments Pte. Ltd., Singapore, (an Aditya Birla Group entity and Promoter Group Company), at an issue price of ₹11/- per Warrant, aggregating upto ₹4,730 Crore on a preferential basis (Preferential Issue),” said the Vi exchange filing.

The Board also called for an extraordinary general meeting on June 11 to seek approval of the shareholders for the Preferential Issue. The development comes days after Kumar Mangalam Birla, Chairperson of Aditya Birla, returned as the Chairman of Vi on May 5.

In April, the Department of Telecommunications (DoT) gave a huge relief to Vi on its long-pending adjusted gross revenue (AGR) dues by reducing the payable amount to ₹64,046 crore as of December 31, 2025, from the earlier ₹87,695 crore. Under the revised system, Vi has to pay ₹126 crore between March 2026 and March 2031 followed by a minimum ₹ 100 crore annually from March 2032 to March 2035. The remainign ₹10,608 crore will then be paid annually over six years up until March 2041. Vi also has to pay spectrum usage charges amounting to ₹609 crore with interest.

The debt from banks stood at ₹726 crore which reduced from ₹2,326 crore for the same period last financial year in the March-ending quarter. The company’s stocks fell 0.08 per cent to ₹12.96 on the BSE on Saturday.

Chairman Birla had increased his stake in Vi by 2.21 crore shares on January 30 and another 1.88 crore shares on February 1 at ₹11.13 per share.

“Mr. Birla, especially in this company, he’s the largest investor across the group. He has always remained positive, and he has invested when there was a need. And tomorrow, theoretically, if there is a need, I don’t think promoters will run away and will not take care of the company,” Agarwal had said during Vi’s previous analyst call.

Published on May 16, 2026