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Indus Towers spurts on buyback plan

26-Jul-24 15:28 Hrs IST

In its regulatory filing, the company added, To consider and approve the proposal for buyback of fully paid-up equity shares of Rs. 10/- each of the Company, including matters related/ incidental thereto, ('Buyback'). in accordance with the applicable provisions under the Companies Act, 2013, the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws (if any).

Promoters currently hold a 52.01% stake in the company. In June 2024, Bharti Airtel increased its stake in Indus Towers from 48% to 49%, while Vodafone Plc sold its 18% stake in Indus Towers through a sale worth approximately Rs 15,300 crore.

Indus Towers is India's leading provider of passive telecom infrastructure and it deploys, owns and manages telecom towers and communication structures, for various mobile operators.

The company's consolidated net profit had risen 32.45% to Rs 1,853.10 crore on a 6.52% increase in revenue to Rs 7,193.20 crore in Q4 FY24 as compared to Q4 FY23.

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1	10-06-2024	IA	RFP for appointment of internal auditors for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
			A. Request For Proposal
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3	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
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6	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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10	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
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11	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
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