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.
Enhancing Connectivity: Trends and developments in the Indian aviation sector
Rising demand for air travel and the need for better air connectivity have driven advancements in India’s airport infrastructure. The development of greenfield airports and expansion works at existing ones have notably enhanced passenger handling […]
Expansion Plans: Policy initiatives and opportunities in domestic solar manufacturing
India’s goal of reaching 500 GW of non-fossil fuel capacity by 2030 relies largely on solar power, which is expected to contribute more than half of this capacity. As of March 31, 2025, India has […]
