Bharti Airtel to Acquire Additional 5% Stake in Indus Towers
Bharti Airtel’s board has approved acquiring an additional 5% stake in Indus Towers, its telecom infrastructure subsidiary, in a deal valued at over ₹5,000 crore.
Key Details of the Acquisition
A Special Committee of Directors granted enabling approval for Airtel to purchase up to 5% additional stake in Indus Towers through one or more tranches over time. The company clarified this acquisition doesn’t qualify as a related party transaction.
Based on Indus Towers’ Monday closing price of ₹382.70 on BSE, the 5% stake is valued at over ₹5,000 crore. The acquisition will proceed subject to market conditions, liquidity, price considerations, and regulatory compliance.
Current Stakeholding Pattern
Bharti Airtel currently holds 51.03% stake in Indus Towers as of September 30. Public shareholders, including mutual funds and Life Insurance Corporation of India, collectively hold 48.93% stake.
This development follows Vodafone’s exit from Indus Towers in December 2024, when it sold its 3% stake for approximately ₹2,800 crore.
Indus Towers shares closed at ₹382.7 per share on Monday.
