Birla TMT Holdings transfers its shares worth Rs 353.7 million in Vi to Birla Group Holdings

According to a statutory filing, Birla TMT Holdings has transferred its Vodafone Idea Limited (Vi) shares worth Rs 353.7 million, or 0.52 per cent stake to Birla Group Holdings after amalgamation scheme involving certain entities got the National Company Law Tribunal’s (NCLT) approval.
As per Vi’s Bombay Stock Exchange (BSE) filing, NCLT Kolkata Bench and NCLT Mumbai Bench, through its orders earlier in 2024, sanctioned the scheme of amalgamation of Birla Family Investments, Birla TMT Holdings, Umang Commercial Company, Aditya Birla Online Fashion, Infocyber India, and Sunbeam Trading and Investments with Birla Group Holdings.