The clarification was issued in response to a news report referring to a potential evaluation by Vodafone Group and the consequent price movement in the company’s stock. The company stated that the news report may be referring to its earlier disclosure dated December 31, 2025, regarding the contingent liability adjustment mechanism (CLAM) arrangement.
Vodafone Idea said it has not received any communication from Vodafone Group in relation to the reported matter. The company also reiterated its December 31, 2025 disclosure, under which it had entered into an amendment agreement with Vodafone Group promoter entities, modifying the implementation agreement dated March 20, 2017.
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As per the disclosure, the CLAM arrangement relates to contingent liability adjustments arising from the merger of Vodafone India and Idea Cellular. The company had recorded ₹8,369 crore as receivable under CLAM, with ₹1,975 crore already received, leaving a capped balance of ₹6,394 crore at the time of disclosure.
Post-amendment, the receivable stood at approximately ₹5,836 crore, structured through a combination of cash and share-based mechanisms. This includes ₹2,307 crore, to be released over the next 12 months, and 3.28 billion equity shares of the company earmarked by Vodafone Group shareholders for five years, with proceeds from the sale of these shares accruing to the company.
The company stated that the amendment ensures recoverability of the CLAM amount and that payments do not require any pre-condition payments to the Department of Telecommunications.
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Vodafone Idea further said the amendment constitutes a modification of an existing related party transaction under its earlier implementation agreement and that Vodafone International Holdings BV remains the holding company of Vodafone Group.
Shares of Vodafone Idea Ltd ended at ₹12.19, up by ₹0.94, or 8.36%, on the BSE today, May 11.
