India-based Vodafone Idea Limited has signed a Power Purchase Agreement and a Share Purchase Agreement on 12 August 2025 to acquire at least 26% of the paid-up equity in Aditya Birla Renewables SPV 3 Limited. The special purpose vehicle is developing a captive solar power plant in Maharashtra. The ₹1.56 crore transaction, to be completed in one or more tranches over about six months, involves subscribing to 15,60,000 equity shares of ₹10 each and is classified as a related party deal approved by the company’s Audit Committee and Board. ABRen SPV 3, incorporated in November 2024, is a step-down subsidiary of Grasim Industries Limited and has not yet recorded turnover. The acquisition, funded entirely in cash, will help Vodafone Idea meet captive power plant compliance under the Electricity Act, 2003, and the Indian Electricity Rules, 2005, while enabling renewable energy procurement without requiring government approvals.