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Indus Towers Ltd News

101 BSE stocks now in Rs 1 trillion market cap club; RVNL, MDL new entrants

RVNL, MDL, Samvardhana Motherson International, Cummins and Indus Towers, have joined the elite club in CY24; These stocks have surged up to 174% thus far this year.

101 BSE stocks now in Rs 1 trillion market cap club; RVNL, MDL new entrants
Updated On : 05 Jul 2024 | 2:20 PM IST

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

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone
Updated On : 24 Jun 2024 | 3:24 PM IST

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

Indus Towers slips 10% after huge block deal; Vodafone Group likely seller
Updated On : 19 Jun 2024 | 9:41 AM IST

Stock market guide Jun 19: GIFT Nifty atop 23,600; Experts see more upside

All you need to know before the stock market opens on Wednesday, June 19: FIIs up index long futures; Nifty up over 1,000 points so far in June; Voda Idea, Indus Towers stocks in focus today.

Stock market guide Jun 19: GIFT Nifty atop 23,600; Experts see more upside
Updated On : 19 Jun 2024 | 7:21 AM IST

Debt repay call: Vodafone may sell $2.3 billion stake in Indus Towers

Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion

Debt repay call: Vodafone may sell $2.3 billion stake in Indus Towers
Updated On : 14 Jun 2024 | 3:17 PM IST

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?
Updated On : 30 May 2024 | 5:29 PM IST

Indus Towers, Bosch: Stocks that may enter MSCI Standard index on May 15

As of May 13, 2024, India's weight in the MSCI Emerging Market Index stood at around 18 per cent, a considerable rise from approximately 8 per cent in early 2020

Indus Towers, Bosch: Stocks that may enter MSCI Standard index on May 15
Updated On : 14 May 2024 | 9:39 AM IST

BofA upgrades Voda Idea stk; telcos may up tariff by 20-25% post LS polls

However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends

BofA upgrades Voda Idea stk; telcos may up tariff by 20-25% post LS polls
Updated On : 03 May 2024 | 2:07 PM IST

Indus Towers Q4 results: PAT rises 32% to Rs 1,853 cr, revenue up 6.5%

Telecom infrastructure company Indus Towers on Tuesday reported around a 32 per cent jump in its consolidated net profit for the fourth quarter ended March 2024. It had registered a net profit of Rs 1,399.1 crore a year ago, as per the company's regulatory filing. The company's consolidated revenue from operations grew 6.5 per cent to Rs 7,193.2 crore during the reported quarter against Rs 6,752.9 crore in the March 2023 quarter. For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023. The annual revenue from operations of Indus Towers remained almost flat at Rs 28,600.6 crore during the reported fiscal compared to Rs 28,381.8 crore in FY23. "The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 2,00,000 towers. On the financial front, we were pleased to see ste

Indus Towers Q4 results: PAT rises 32% to Rs 1,853 cr, revenue up 6.5%
Updated On : 30 Apr 2024 | 11:50 PM IST

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

Indus Towers hits over 6-yr high; zooms 51% in 1 month on improved outlook
Updated On : 19 Apr 2024 | 10:46 AM IST

Indus Towers at over 2-yr high; Citi maintains buy, bull-case target Rs 400

Indus is witnessing demand for rural expansion and densification in urban areas, particularly from Bharti Airtel

Indus Towers at over 2-yr high; Citi maintains buy, bull-case target Rs 400
Updated On : 26 Mar 2024 | 10:09 AM IST

Vodafone Idea soars 9% on fund raising plan; Indus Towers up 5%

The company's board is scheduled to meet on February 27 to consider fundraising via equity or debt instruments.

Vodafone Idea soars 9% on fund raising plan; Indus Towers up 5%
Updated On : 23 Feb 2024 | 10:55 AM IST

Artisan Partners divests 1.2% stake in Indus Towers for Rs 717 crore

Asset management company Artisan Partners on Wednesday divested a 1.2 per cent stake in telecom infrastructure major Indus Towers for Rs 717 crore through an open market transaction. The US-based Artisan Partners through its affiliate Artisan International Value Fund sold shares of Indus Towers on the BSE. According to the bulk deal data available with the BSE, Artisan International Value Fund offloaded 3,33,46,663 shares, amounting to a 1.24 per cent stake in Indus Towers. The shares were disposed of at an average price of Rs 215.10 apiece, taking the deal value to Rs 717.29 crore. After the latest transaction, Artisan Partners' shareholding in Indus Towers declined to 0.47 per cent stake from 1.71 per cent. Details of the buyers could not be ascertained. On Wednesday, shares of Indus Towers rose 1.92 per cent to close at Rs 225.50 apiece on the BSE. Last week, private equity major KKR, Canada Pension Plan Investment Board (CPPIB), and another entity sold Indus Towers' shares w

Artisan Partners divests 1.2% stake in Indus Towers for Rs 717 crore
Updated On : 07 Feb 2024 | 8:48 PM IST

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore

Private equity major KKR, Canada Pension Plan Investment Board (CPPIB) and another entity sold Indus Towers' shares worth Rs 3,978 crore through open market transactions on Thursday. KKR through its arm Silverview Portfolio Investments Pte offloaded shares of telecom infrastructure major Indus Towers on the BSE. As per the bulk deal data, Silverview Portfolio Investments sold 13.08 crore shares of Indus Towers, while CPPIB disposed of more than 5.76 crore shares of the company, amounting to a 4.85 per cent and 2.14 per cent stake, respectively, in Indus Towers. Patronus Tradetech LLP also offloaded 2.26 lakh shares of telecom infrastructure company, as per the bulk deal data. The shares were sold within the price range of Rs 210.21-215.28 apiece, taking the transaction size to about Rs 3,977.94 crore. After the latest transaction, KKR through Silverview Portfolio Investments Pte sold its entire 4.85 per cent equity stake and exited the company, while shareholding of Canadian Pensi

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore
Updated On : 01 Feb 2024 | 10:37 PM IST

Indus Towers may emit weak signals as Vodafone Idea concerns persist

The rental revenue growth was due to the addition of 7,600 towers, and 7,200 co-locations implying a reduction in the average sharing factor (ASF) sequentially to 1.72x from 1.74x

Indus Towers may emit weak signals as Vodafone Idea concerns persist
Updated On : 25 Jan 2024 | 7:19 PM IST

Got Rs 300 cr dues plus monthly collection from customer: Indus Towers

Telecom infrastructure company Indus Towers on Wednesday said it has collected and recognised on its books an amount of Rs 300 crore against the past dues alongwith 100 per cent monthly collection from a major customer. In its Q3FY24 earnings call, the tower company said that it does see the entry of satellite internet companies like Starlink and others as a threat to tower requirements from telcos at this stage, since satellites primarily provide the backhaul connectivity complimentary to telecom services, by reaching uncovered areas. Without naming Vodafone Idea, Indus Towers Chief Financial Officer Vikas Poddar said with regard to a major customer, the company has collected and recognised Rs 300 crore against the past dues in addition to the full monthly collection. "With regard to the provision for doubtful debts...reported in the current quarter, I would like to explain the transaction with a major customer and the treatment of the same...we have collected and recognised Rs 3 .

Got Rs 300 cr dues plus monthly collection from customer: Indus Towers
Updated On : 24 Jan 2024 | 10:09 PM IST

Indus Towers Q3 results: Profit at Rs 1,541 crore, revenue rises 6%

Telecom infrastructure major Indus Towers posted a consolidated profit after tax of Rs 1,541 crore in the December quarter, the company said on Tuesday. The company had posted a loss of Rs 708 crore in the year-ago period. The company's consolidated revenue grew 6 per cent in the third quarter of the ongoing fiscal to Rs 7,199 crore from Rs 6,765 crore a year ago. "Our third consecutive quarter of record tower additions demonstrated our robust operational performance. We expect our major customer's focus on its network expansion and the ongoing 5G rollouts to continue, yielding growth opportunities for us in the near term," Indus Towers Managing Director and CEO Prachur Sah said in the statement. The company's total number of towers increased by 22,383 on a year-on-year basis to 2,11,775. "The return on capital employed improved to 19.2 per cent as against 12.5 per cent on year-on-year basis. Third quarter of the financial year had an impact of Rs 2,270 crore due to provision for

Indus Towers Q3 results: Profit at Rs 1,541 crore, revenue rises 6%
Updated On : 23 Jan 2024 | 11:26 PM IST