Vodafone Idea Acquires 26% in Aditya Birla Renewables SPV 3

Vodafone Idea Acquires 26% in Aditya Birla Renewables SPV 3

Vodafone Idea Limited (VIL), the third-largest telecom operator in the country, has acquired 26% stake in the Aditya Birla Renewables SPV 3 (ABRen SPV 3). An SPV is a special purpose vehicle in long, meant to serve a very specific purpose. The ABRen SPV 3 was formed for the purpose of owning and operating a captive power plant (CPV). Read More – BSNL is Offering Free Fiber for One Month In a press release issued on Tuesday, Vodafone Idea said…

Vodafone Idea Acquires 26% Stake in Aditya Birla Renewables SPV to Power Telecom Ops

In a strategic move to bolster its renewable energy portfolio, Vodafone Idea Limited has signed binding Purchase and Power Purchase Agreements (PPAs) on August 12, 2025, to acquire a 26% equity stake in Aditya Birla Renewables SPV 3 Limited (ABRen SPV 3). The special-purpose vehicle (SPV) has been established to own and operate a captive power plant, aimed at supplying clean energy to Vodafone Idea’s telecom operations.Transaction HighlightsEqui…