Indus Towers Buyback Record Date 2024, Price, Entitlement Ratio

Last updated on August 13, 2024

Indus Towers Buyback Record Date is 9 August 2024. 

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 (Timeline)

Indus Towers Buyback 2024 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Indus Towers Buyback Entitlement Ratio

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

Calculation of Investment in Buyback

Indus Towers Buyback Acceptance Ratio

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: +91 40 6716 2222
E-mail: [email protected]
Website: 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: +91 22 4325 2183
E-mail: [email protected]
Website: 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