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.
NaBFID raises Rs 50 billion through bond issuance
NaBFID has raised Rs 50 billion through the issuance of long-term bonds. The 15-year bonds carry a coupon rate of 7.25 per cent with a face value of Rs 100,000 each. The issue size comprised […]
Sustained Momentum: Key developments in the roads and bridges sector
The past year has witnessed remarkable progress in India’s road sector, reflecting the country’s commitment to road modernisation. The centre has implemented various reforms and measures to address long-standing issues. In addition to its continuing […]