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Indus Towers

Indus Towers enables Vodafone to sell 18% stake in tower company

In Short:Indus Towers released the pledge on shares held by Vodafone Group, allowing Vodafone to sell 18% stake for Rs 15,300 crore. Indus released...

Vodafone Group sells 18% stake in Indus for Rs 15,300 crore

In Short:UK's Vodafone Group Plc sold an 18% stake in Indus Towers for Rs 15,300 crore to repay lenders. Vodafone now holds 3.1% stake...

Bharti Airtel acquires additional 1% stake in Indus, now holding almost 49% in towerco

In Short:Bharti Airtel has increased its stake in Indus Towers by acquiring another 1%, bringing its ownership to 48.95%. Airtel is inching closer to...

Vodafone PLC set to sell 9.9% stake in Indus Towers through block deals

In Short:UK-based telecom operator Vodafone PLC is selling a 9.94% stake in Indus Towers through block deals valued at up to $1.09 billion. Vodafone...

Indus Towers seeks to recover Rs 60 cr owed by Vodafone Idea in Q4

In Short:Indus Towers received Rs 360 crore from Vodafone Idea towards old dues, but its trade receivables increased by Rs 430 crore. Despite part-clearance...

Indus confident of recovering dues from Vodafone Idea, expects cash flow improvement by FY25

In Short:Indus Towers expects cash flow to improve in FY25 as Vi clears past dues. Vi raised Rs 18,000 crore through FPO, but timing...

Indus Towers reports Rs 1,853 crore net profit in Q4FY24

In Short:Indus Towers had a net profit of Rs 1,853 crore in the fourth quarter of the fiscal year ending March 2024, a 19%...

Indus open to Vodafone Idea paying dues in instalments

In Short:Indus Towers, a tower company in India, believes that Vodafone Idea will soon pay off its past dues of Rs 5,700 crore with...

Analysts say Indus Towers may benefit from Vodafone Idea’s investment

In Short:Indus Towers could see an 8% growth in operating income from FY24-27 if Vodafone Idea (Vi) successfully raises Rs 45,000 crore as planned....

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