Indus Towers Ltd. News and Updates

Name: Latest research reports of Indus Towers Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Indus Towers Ltd.
Rating: 1
Author: ICICI Securities Limited

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Indus Towers Ltd.

06 Sep 2024

352.40

-0.01%

Indus Towers Falls After Goldman Sachs Rates It 'Overvalued' With Sell Call

NDTV Profit

Goldman Sachs expressed concerns over the limited visibility of the company's medium- and long-term growth prospects.

Number of FII/FPI investors increased from 849 to 891 in Dec 2024 qtr.

Indus Towers Ltd.

05 Aug 2024

352.40

-0.01%

India Inc braces for share buyback rush ahead of changes to tax rules

Business Standard

At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23

Indus Towers Ltd. is trading above its 100 day SMA of 342.1

Indus Towers Ltd.

31 Jul 2024, 11:16AM

352.40

-0.01%

to see Rapid results content

Indus Towers Ltd.

31 Jul 2024, 10:54AM

352.40

-0.01%

Indus Towers Shares Slip To Near One-Week Low After Board Nod To Buyback

NDTV Profit

Indus Towers will buyback the shares at a price of Rs 465 per share, the company said in an exchange filing on Tuesday.

Indus Towers Ltd.'s price crossed above 30Day SMA today

Indus Towers Q1 Results: Profit Rises 3.9%, Board Approves Rs 2,640-Crore Buyback

NDTV Profit | 30 Jul 2024

Indus Towers Ltd.

31 Jul 2024

352.40

-0.01%

Provision reversal lifts EBITDA

Sell: Indus Towers Ltd.

ICICI Securities Limited

Indus Towers’ (Indus) Q1FY25 performance was good on two counts, Strong net tenancy addition, at 6,340, despite 310 exits and strong cash collection.

Indus Towers Ltd.'s price crossed above 50Day SMA today

Indus Towers Ltd.

26 Jul 2024

352.40

-0.01%

Indus Towers To Return Cash To Investors After Two Years: All You Need To Know

NDTV Profit

Indus Towers to give money back to shareholders after two years by announcing a buyback.

Indus Towers Ltd.'s price crossed above 50Day SMA today

Indus Towers Hits Six-Year High Ahead Of Board Meeting To Consider Buyback

NDTV Profit | 26 Jul 2024 2 more

Indus Towers Ltd.

04 Jul 2024

352.40

-0.01%

CXO 1x1: Vikas Poddar, CFO

Sell: Indus Towers Ltd.

ICICI Securities Limited

We met Vikas Poddar, CFO of Indus Towers (Indus) on 27 Jun’24. Takeaways: 1) Indus remains excited about growth in the tower industry driven by rural expansion by Bharti, and 4G rollout from VIL. It expects a fair share in VIL’s expansion, despite the risk of higher competitive intensity

Indus Towers Ltd.'s price crossed above 50Day SMA today

Indus Towers Ltd.

19 Jun 2024

352.40

-0.01%

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

Business Standard

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.

Number of FII/FPI investors increased from 849 to 891 in Dec 2024 qtr.

Indus Towers Ltd.

14 Jun 2024

352.40

-0.01%

Vodafone Group looks to sell entire $2.3 billion stake in Indus Towers

Business Standard

Vodafone currently owns 21.5% of mobile-tower operator Indus via various group entities, valuing the investment at $2.3 billion as of Friday's stock price in Mumbai

Number of FII/FPI investors increased from 849 to 891 in Dec 2024 qtr.

Indus Towers Ltd.

24 May 2024

352.40

-0.01%

Indus Towers: What should investors do after 120 per cent returns from our buy recommendation

Business Line

While we expect the business to remain good/stable and grow slow and steady from here, much of the positive developments and implications appear largely priced in

Indus Towers Ltd. has an average target of 382.00 from 4 brokers.

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