Indus Towers
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About Indus Towers
Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. Enabling communication for millions of people daily, Indus will continue to provide affordable, high-quality and reliable services for the growing network connectivity needs of India.
Indus Towers Limited has over 225,910 towers and 374,928 co-locations (30th June 2024) and a nationwide presence covering all 22 telecom circles. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by revenue.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.8/5 based on 2k reviews | 4.4/5 based on 516 reviews | 4.5/5 based on 345 reviews | 3.9/5 based on 207 reviews |
Highly Rated for | Salary & Benefits | Company culture Skill development Work Satisfaction | Work-Life balance Company culture Job Security | Work-Life balance Company culture Salary & Benefits |
Critically Rated for | Promotion/Appraisals | No critically rated category | No critically rated category | Promotion/Appraisals |
Primary Work Policy | Work from office 60% employees reported | Work from office 55% employees reported | Work from office 81% employees reported | Hybrid 68% employees reported |
Rating by Women Employees | 3.6 Good rated by 153 women | 4.0 Good rated by 36 women | 4.4 Good rated by 19 women | 3.8 Good rated by 27 women |
Rating by Men Employees | 3.9 Good rated by 1.8k men | 4.5 Good rated by 443 men | 4.5 Good rated by 290 men | 3.9 Good rated by 175 men |
Job Security | 3.5 Good | 4.1 Good | 4.3 Good | 3.6 Good |
Indus Towers Salaries
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Area Operation Manager
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Vodafone Divests Full Stake In Indus Towers For Rs 2,800 Crore, Uses Funds To Clear Debt
- Vodafone has divested its entire stake in Indus Towers for Rs 2,800 crore.
- The funds were used to pay outstanding dues to Indus Towers.
- Vodafone's shareholding in Vodafone Idea increased to 24.39%.
- Vodafone Idea allotted equity shares to related subsidiaries at an issue price of Rs 11.28 apiece.
Vodafone Group Shareholders Divest Entire Stake In Indus Towers
- Vodafone Group Plc shareholders have divested their entire stake in Indus Towers.
- The shareholders' agreement between Bharti Airtel, Vodafone shareholders, and Indus Towers has been terminated.
- Indus Towers' board of directors have approved amendments to the Articles of Association to reflect the changes made to the agreement.
- Vodafone shareholders divested their stake on December 5, 2024, leading to the termination of the agreement with them.
Stocks that will see action today: December 17
- Abu Dhabi Investment Authority (ADIA) plans to divest a 9.2% stake in Mindspace Business Parks REIT through a block deal valued at ₹1,903 crore.
- Zomato announces resignation of Hemal Jain, Head of Business Finance, who will leave the company on January 31, 2025.
- Wipro signs a definitive agreement to acquire Applied Value Technologies and its affiliates for $40 million in an all-cash transaction.
- Indus Tower receives a favorable order from the Income Tax Appellate Tribunal (ITAT) resulting in a reduction of ₹3,500 crore in contingent liability.
Income Tax Tribunal Rules In Favour Of Indus Tower On Depreciation And Other Matters
- The Income Tax Appellate Tribunal has ruled in favour of Indus Towers Ltd. in various matters, including denial of depreciation on assets received through merger.
- The ruling helped the company reduce Rs 3,500 crore from its contingent liability.
- The current ruling will allow the company to claim depreciation on the assets transferred during the merger.
- The ruling also addressed other related issues, including disallowance of provision for expenses and amortisation of Asset Retirement Obligation and provision for SLA Credit.
Indus Towers Share Price Jumps As Citi Predicts Strong Dividend Yield Post-Vodafone's Exit
- Indus Towers Ltd.'s share price surged nearly 5% after Citi Research forecasted a dividend yield for the telecommunications infrastructure company, following Vodafone Group's exit from its stake in it.
- Citi maintained its 'buy' rating on Indus Towers, setting a target price of Rs 485 per share, which suggests an upside potential of 35% from its previous closing price of Rs 358.75.
- The stake sale by Vodafone Group will be used to repay its outstanding borrowings, and the residual proceeds will be injected as equity into Vodafone Idea, clearing its past dues to Indus Towers.
- Citi expects Indus Towers to potentially pay out dividends in the range of Rs 11 to Rs 12 per share for the second half of the next fiscal, with dividends projected to grow further in the coming years.
Brokerage Views: Nomura On Rate Cuts, Citi On Indus Towers, CLSA On Persistent Systems And More
- Nomura predicts a 25 basis points rate cut in the upcoming RBI MPC meet.
- Citi opens a 90-day positive catalyst watch on Indus Towers Ltd.
- CLSA remains bullish on Persistent Systems Ltd.
- Top calls from analysts on stocks and sectors for Thursday.
Stock Market Live: GIFT Nifty Trades Above 24,500; Vodafone, Hero MotoCorp, Indus Towers In Focus
- The GIFT Nifty was trading 0.04%, or 11 points higher at 24,515.00 as of 7:31 a.m.
- Citi has opened 90-day positive catalyst watch on Indus Towers with a target of Rs 485, implying 35% upside.
- Bitcoin crossed the $100,000 mark for the first time.
- Crude oil prices remain flat ahead of OPEC+ decision.
Stocks that will see action today: December 5
- SBI Mutual Fund and Tata MF have bought shares of Ratnamani Metals & Tubes for ₹262 crore.
- Vodafone Plc will sell 3% stake in Indus Towers to clear its debt and pay outstanding dues of Vodafone Idea.
- Larsen & Toubro has completed the acquisition of a 15% stake in E2E Networks.
- Mastek's Global Chief Financial Officer, Arun Agarwal, has resigned.
Indus Towers To See 'Compelling' Dividend Yield After Vodafone Group's Exit
- Indus Towers Ltd. could benefit from improved dividend visibility after the planned stake sale by UK's Vodafone Group Plc.
- Citi Research maintains a buy rating on Indus Towers with a target price of Rs 485 per share.
- Vodafone Group will divest its entire 3% stake in Indus Towers via open market deals, with a transaction value of around Rs 2,841 crore.
- The proceeds from the stake sale will be used to repay Vodafone's outstanding borrowings, and the residual proceeds could be paid out as dividends, resulting in a compelling dividend yield of 6%.
Stocks To Watch: Vodafone, Indus Tower, Infosys, Bharat Forge, Larsen & Toubro, Torrent Pharma
- Vodafone Idea Ltd., Fusion Finance Ltd., and Indus Tower Ltd. will be the stocks in focus before going into trade.
- Vodafone will consider fundraising up to Rs 2,000 crore in a meeting on Dec. 9, and Vodafone will sell a 3% stake in Indus Towers to repay borrowings.
- Fusion Finance approved raising up to Rs 800 crore via rights issue.
- Other stocks to watch include Muthoot Microfin, Indraprastha Gas, PG Electroplast, Infosys, Bharat Forge, Larsen & Toubro, and Torrent Pharma.
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