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Indus Towers Ltd.

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After A Year Of Correction, Indus Towers May Be Poised For A Rally — SEBI Analyst Explains Why
A technical reversal may be underway. The analyst expects the stock to rally toward ₹398.
Stocktwits·6mo ago
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Indus Towers Climbs As Bharti Airtel Boosts Stake; SEBI Analysts Eye Breakout Above This Level
The stock bounced back from last week’s 52-week low, with SEBI-registered analysts highlighting fresh reversal signals, stronger support at ₹312, and improving momentum indicators.
Stocktwits·7mo ago
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Indus Towers Stock Slides As African Foray Sparks Concerns Over Dividend Payout
The company has not issued a dividend payout since May 2022 and could use the available cash to set up its African operations
Stocktwits·7mo ago
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Nifty Holds Above 24,500 Ahead Of Key GST Council Meet; Metals Shine, TBO Tek Surges On US Deal
Analysts on Stocktwits pegged key support for Nifty at 24,480 and resistance at 24,820.
Stocktwits·7mo ago
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Trading Radar For September 3: TCS, JSW Cement, Eternal, E2E Networks, MOIL, And Adani Power Stocks Are On Investors’ Watchlist
A 2-day GST Council Meeting begins today to discuss rate rationalization
Stocktwits·7mo ago
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Ahead of IPO, Zepto appoints Airtel's Akhil Gupta to company board
Quick commerce unicorn Zepto has appointed Akhil Gupta, vice chairman of Bharti Enterprises—the parent company of Bharti Airtel—as an independent director to its board, as it prepares for an initial public offering (IPO). Gupta, who has led the public listings of Bharti Airtel (2002), Bharti Infratel (2012), and Airtel Africa (2019), is expected to lend his expertise to Zepto. The firm plans to make its stock market debut later this year. Currently, Zepto’s board includes co-founders Aadit Palicha and Kaivalya Vohra, alongside Avra founder Anu Hariharan and Nexus Venture Partners co-founder and managing director Suvir Sujan. As part of his role as vice chairman, Gupta has led the formation of various partnerships for Bharti with international operators such as British Telecom, Telecom Italia, Singapore Telecom and Vodafone, and has brought on board leading financial investors like Warburg Pincus, Temasek, KKR, Qatar Foundation Endowment, AIF and Sequoia, among other private equity funds.
cityfalcon.com·1y ago
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Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore
British telecom giant Vodafone Plc has completed its exit from mobile tower infrastructure company Indus Towers, liquidating its remaining 3 per cent stake in the company for Rs 2,800 crore, it said on Friday. It sold the remaining 79.2 million shares in Indus Towers through an 'accelerated bookbuild offering' on December 5, Vodafone informed the London Stock Exchange. The company had been reducing its stake in Indus Towers for some time. In June last year, Vodafone sold 484.7 million shares, or an 18 per cent stake in Indus Towers, in block deals, raising Rs 15,300 crore. The latest transaction allowed Vodafone to repay its outstanding borrowings of Rs 890 crore to its existing lenders, secured against Vodafone's Indian assets. The security package agreed upon during the merger of erstwhile Bharti Infratel and Indus Towers stipulated that Vodafone Plc's 21 per cent stake in Indus Towers was the primary pledge by its lenders against the $1.4 billion loan Vodafone Plc had taken in 2019 to participate in Idea's rights issue.
cityfalcon.com·1y ago
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