Vodafone Indus Towers

Stocks to Watch, Dec 5, 2024: Indus Towers, L&T, Hero MotoCorp, IGL

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Why Vodafone Idea stock is falling, Indus Towers climbing today? Details

The UK's Vodafone Group Plc is selling its remaining 3% stake in Indus Towers in block deal and fully exiting the company

UK's Vodafone Group to sell remaining 3% stake in India's Indus Towers

Post this, Vodafone's stake in Indus Towers will fall below 1 per cent. Before this transaction Vodafone had 82.5 million shares or 3.1 per cent stake in Indus Towers

Bharti Airtel gets CCI approval to up stake in Indus Tower to over 50%

The Competition Commission of India (CCI) on Tuesday cleared Bharti Airtel's proposal to increase its stake in Indus Towers, following a buyback of shares by the telecom infrastructure company. Indus Towers is a passive telecom infrastructure provider. It deploys, owns, and manages passive telecom infrastructure for various mobile operators. "The Commission approves an increase in the percentage shareholding of Bharti Airtel Ltd (Bharti Airtel) in Indus Towers Ltd (Indus Towers) to 50.005 per cent pursuant to buy back of shares by Indus Towers," CCI said in a release. In August, Bharti Airtel announced it will hold over 50 per cent stake in Indus Towers after completion of the ongoing Rs 2,640-crore share buyback scheme of the telecom infrastructure firm. Telecom infrastructure major Indus Towers commenced the buyback of over 5.67 crore shares at Rs 465 apiece on August 14, representing approximately 2.107 per cent of total number of equity shares in the paid-up share capital of th

Vodafone Idea gets share upgrade from JP Morgan; check target price, rating

Vodafone Idea share upgrade: JP Morgan has upgraded Vodafone Idea shares to 'Neutral' from 'Underweight'

Weak signals for Indus Towers after unfavourable SC verdict for Vi

VIL is the second-largest tenant of Indus Towers and this could put stress on the tower company, by reducing tower tenancy ratios and further delaying repayment of dues

DIT pips Indus Towers to become India's largest mobile tower company

Data Infrastructure Trust on Thursday said it has pipped Indus Towers to become India's largest mobile tower company after acquiring American Tower Corporation's operations in the country. Data Infrastructure Trust (DIT) is backed by Brookfield Asset Management along with affiliates of investors including British Columbia Investment Management Corporation (BCI) and GIC. The firm acquired 100 per cent of American Tower's operations in India comprising the buyout of approximately 76,000 communications sites in India for an enterprise value of Rs 18200 crore or about USD 2.2 billion. "With this acquisition, the Brookfield-led consortium reinforces its commitment to connecting India with an expanded portfolio of 257,000 telecom sites," DIT said in a statement. DIT's Telecom Infrastructure portfolio will be housed under the new brand name Altius. Bharti Group owned Indus Towers had a portfolio of 2,25,910 as of June 30, 2024. ATC India is Brookfield's third acquisition in the Indian .

SBI, Vodafone Idea and Indus stocks tank after Goldman Sachs 'sell' call

Airtel outperforms as the US-based brokerage reiterates 'buy'

Indus Towers to become Bharti Airtel subsidiary after share buyback

The board of Indus Towers has approved the buyback of 56.7 million shares. giving Airtel a 50.05 percent

Indus Towers Q1 results: Net profit rises 42% to Rs 1,926 cr, revenue up 4%

Telecom infrastructure major Indus Towers on Tuesday posted a 42 per cent increase in consolidated profit to Rs 1,925.9 crore in the first quarter ended June 30, 2024. The company had reported a profit of Rs 1,347.9 crore in the same period a year ago, Indus Towers said in a regulatory filing. Indus Towers consolidated revenue from operations grew by about 4 per cent to Rs 7,439.4 crore during the reported quarter, from Rs 7,132.4 crore in the June 2023 quarter, the filing added. During the quarter ended June 30, 2024, Vodafone Group Plc, through its indirect wholly-owned subsidiaries, sold 17.98 per cent of its shareholding in Indus Towers. Bharti Airtel Ltd acquired approximately 27 million equity shares representing 1 per cent equity share capital of the company. Accordingly, Bharti Airtel Ltd held 48.95 per cent shares and Vodafone Group held 3.06 per cent stake in the company as on June 30, 2024. Both Bharti Airtel Ltd and Vodafone continue to be the promoters of the ...

Indus Towers buyback: Board meet on July 30; stock up 125% thus far in 2024

Indus Towers buyback plan: Share price hits over six-year high of Rs 447.30, gaining 5% on the BSE on July 26

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone

If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding

British telecom major Vodafone rings in Rs 28,500 crore bulk deal day

Sells 18% stake in Indus Towers for Rs 15,300 crore

Vodafone sells 18% stake in Indus Towers for Rs 15,300 cr; to pay bank dues

British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). The company will use the major portion of the proceeds to pay 1.8 billion euro outstanding bank borrowings secured against Vodafone's assets in India. "Vodafone Group Plc...sold 484.7 million shares in Indus Towers Limited, representing 18 per cent of Indus' share capital through an accelerated book-build offering. "The placing raised Rs 153.0 billion (1.7 billion euro) in gross proceeds which will be used to substantially repay Vodafone's existing lenders in relation to the outstanding bank borrowings of 1.8 billion euro secured against Vodafone's Indian assets," Vodafone said in a note. Following the transaction, Vodafone now holds 82.5 million shares or 3.1 per cent in Indus Towers.

Indus Towers slips 10% after huge block deal; Vodafone Group likely seller

Till 09:22 am; a combined 47.34 million equity shares representing 1.76 per cent of total equity of Indus Tower have changing hands on the NSE and BSE

Vodafone to offload 10% in Indus Towers to raise up to Rs 9,000 crore

Vodafone Group Plc currently owns 21.5 per cent stake in Indus via various group entities. It will use the proceeds to repay its own debt

In talks with Vodafone Idea, hopeful of recovering dues soon: Indus Towers

Indus Towers is keen on servicing Vi's expected 4G expansion and 5G rollout

Bharti Airtel denies reports of interest in Vodafone's Indus Towers stake

Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks

Airtel says not in talks to buy Vodafone UK's stake in Indus Towers

"The company has no desire to raise its stake beyond what is required for financial consolidation of Indus in the company,' Airtel said in an exchange filing

Indus Towers hits over 6-yr high; zooms 51% in 1 month on improved outlook

Indus Towers is trading at its highest level since January 2018