Page 2 - Vodafone Indus Towers

Stake-sale overhang likely to keep Indus Towers stock under pressure

Rental renegotiations another dampener for the stock

Bharti Airtel to buy additional 4.7% stake in Indus Towers from Vodafone

Deal signed on condition that proceeds are used to clear Vi's dues

Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers

Deal conditional upon Vodafone infusing fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear VIL's outstanding dues

Sensex tanks 2,702pts, ends below 55K; Nifty gives up 16,250; Brent at $105

Closing Bell: Benchmark indices clocked their biggest one-day fall since March 2020 as Russia invaded Ukraine, rattling global markets

Indus Tower slips 14% after 3% equity changes hands on NSE and BSE

A combined 74.4 million equity shares had changed hands on the bourses till 9:52 AM. According to reports, British telecom giant Vodafone was in discussions to sell around 5% stake in Indus Towers

Vodafone may sell 5% stake in Indus Towers to Bharti Airtel for 3,300 crore

Bharti Airtel's parent Bharti Enterprises is Indus' largest shareholder, according to Refinitiv data.

Indus Towers consolidated profit up 16% at Rs 1,571 crore in Q3

Telecom infrastructure company Indus Towers on Thursday posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago. Revenue of the country's largest mobile tower firm was higher at Rs 6,927 crore during the quarter compared to Rs 6,736 crore in the corresponding period of 2020-21. "At Indus Towers, the quarter marked completion of a year of operations of the merged entity which has made our industry leadership positioning more robust. "Our steady operational and financial performance during the quarter was reassuring. We believe that our focus to promote passive infrastructure sharing and capitalize on adjacencies will help us further strengthen our commitment of Putting India First through connecting lives," MD and CEO Bimal Dayal said. Indus Tower merged with Bharti Infratel in November 2020. The company's total mobile tower base increased t

Sensex gains 383pts, broader indices outperform; Tata Steel up 4%, RIL 2.4%

The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers

Indus Towers rallies 10%, hits over 2-year high; Vodafone Idea up 9%

In the past seven trading days, Indus Towers has surged 25 per cent post government announced reforms in the telecom sector

Indus Towers soars 15%, nears 52-week high on telecom relief package

So far, the stock had been an under-performer having gained mere 4 per cent in the last six months compared to a 17 per cent rally in the S&P BSE Sensex.

Indus Towers hits over 8-month low on growth concerns

Indus' share price has underperformed the market owing to concerns over its key tenant Vodafone Idea's survival

Vodafone Idea, Bharti Infratel shares soar on completion of merger deal

The scrip of debt-ridden VIL jumped over 8 per cent while that of Bharti Infratel soared 19 per cent

VIL sells 11.5% stake in Indus Towers for cash consideration of Rs 3,760 cr

The stake sale follows the merger of two tower companies - Indus Tower and Bharti Infratel

Bharti Infratel, Indus Towers merge; VIL gets Rs 3,760 cr for Indus holding

Vodafone Group will hold 28.12 per cent stake in the merged entity, while the holding of Airtel Group will be about 36.7 per cent

Voda Idea's loss jumps 4 times to Rs 25,460 cr in Q1; revenue falls 5.4%

The result indicated the impact of the Covid-19 pandemic and the lockdown, but its overall performance was weighed down by financial stress

Govt approves merger of Indus Towers with Bharti Infratel: Report

The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas

Vodafone may sell its entire 42% stake in Indus Towers to Bharti Infratel

Bharti Airtel's mobile tower arm Bharti Infratel and Vodafone hold 42% each in India's largest mobile tower firm Indus Towers and the rest is held by Idea Cellular