Indus Towers Buyback Record Date is 9 August 2024.Â
Indus Towers is an Indian telecommunications infrastructure company that provides passive infrastructure services to mobile network operators and other wireless service providers. Headquartered in Gurugram, Haryana, Indus Towers was incorporated in November 2007 by Bharti Infratel (a subsidiary of Bharti Airtel), Vodafone Essar, and Idea Cellular to offer shared telecom infrastructure to telecom operators on a non-discriminatory basis.
Indus Towers has over 192,874 towers and 342,831 co-locations, with a nationwide presence covering all 22 telecom circles. It has the widest coverage in India and has achieved 289,000 tenancies, a first in the global telecom tower industry. Major customers include Airtel, Bharti Hexacom, Jio, and Vi. On November 19, 2020, Bharti Infratel merged with Indus Towers, creating one of the largest mobile tower infrastructure operators in the world. Post-merger, Bharti Airtel holds a 36.73% stake in Indus Towers, Vodafone Group holds 28.12%, and Providence Equity holds 3.1%.
Indus Towers Buyback Record Date, Other Details
| Indus Towers Buyback Dates | 14 – 21 August 2024 |
| Indus Towers Buyback Price | INR 465 per share |
| Market Price on Buyback Approval | INR 447.05 per share |
| Buyback Premium on Market Price | 4.02% |
| Buyback Offer Size (Shares) | 5,67,74,193 shares |
| Buyback Offer Size (Amount) | INR 2,640 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
Indus Towers Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 25 July 2024 |
| Buyback Approval Date | 30 July 2024 |
| Public Announcement of Buyback | 1 August 2024 |
| Indus Towers Buyback Record Date | 9 August 2024 |
| Buyback Opening Date | 14 August 2024 |
| Buyback Closing Date | 21 August 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 21 August 2024 |
| Verification Date by the Registrar | 27 August 2024 |
| Return of unaccepted shares by Registrar | 28 August 2024 |
| Extinguishment of accepted shares | 6 September 2024 |
Indus Towers Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Indus Towers Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 1/4 | 25 |
| General category (for all other Eligible Shareholders) | 5/139 | 3.60 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Indus Towers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 27,708.20 | 28,381.80 | 28,600.60 |
| Total Expenses | 14,316.10 | 20,659.50 | 14,778.90 |
| Net Income | 6,367.10 | 2,043.30 | 6,041.00 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 465 |
| Maximum shares for small shareholders (2,00,000/465) | 431 shares * |
| The closing price of the stock as of 30 July 2024 | INR 447.05** |
| Maximum amount invested in buyback (INR 447.05 x 431 shares) | INR 1,92,679 |
**Â For simplicity, we have considered the price on the buyback approval date
Indus Towers Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 431 | 108 | 108 (100%) | 1,938.6 | 1.01 |
| 431 | 108 | 216 (200%) | 3,877.2 | 2.01 |
| 431 | 108 | 324 (300%) | 5,815.8 | 3.02 |
Registrar of Indus Towers Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of Indus Towers Buyback 2024
AXIS CAPITAL LIMITED
1st floor, Axis House, C-2 Wadia International Centre,
P.B. Marg, Worli, Mumbai – 400025
Tel:Â +91 22 4325 2183
E-mail:Â [email protected]
Website:Â www.axiscapital.co.in
The Process to Participate in Indus Towers Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Indus Towers buyback dates?
Indus Towers share buyback opens on 14 August 2024 and closes on 21 August 2024.
Which type of buyback is Indus Towers‘ buyback offer?
Indus Towers buyback is a tender offer.
What is Indus Towers buyback price?
Indus Towers buyback price is INR 465 per share.
What is the Indus Towers buyback record date?
Indus Towers buyback record date is 9 August 2024.
How to participate in Indus Towers share buyback?
Indus Towers share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
