Indus Towers’ board has approved the acquisition of telecom assets from Bharti Airtel and Bharti Hexacom for up to Rs 33.08 billion through a slump sale. The transaction comprises the acquisition of passive infrastructure assets/telecom towers including associated assets, macro sites, ultra-lean sites and cells on wheels. Bharti Airtel and Bharti Hexacom have approved the sale of their telecom towers for approximately Rs 21.48 billion and Rs 11.34 billion respectively. Indus Towers will add approximately 16,100 telecom towers to its portfolio post this transaction. The aggregate acquisition cost will not be more than Rs 33.08 billion following the closing adjustment between parties.
Views of Captain S. Divakar: “DCI has long served as the backbone of India’s dredging industry”
India’s maritime sector is a vital driver of economic growth, anchored by over 11,000 km of coastline, 12 major ports, and more than 200 minor and intermediate port facilities. Nearly 90 per cent of the […]
Tapping Potential: Opportunities in the upstream sector
India’s energy landscape is evolving rapidly due to increasing demand, urbanisation and industrial growth. Given its economic expansion, energy demand is expected to double by 2050, with an average growth of 2.4-2.6 per cent per […]
Expansion Plans: Policy initiatives and opportunities in domestic solar manufacturing
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