Indus Towers Limited Buyback
Indus Towers Buyback 2024
Tender Offer
₹465.00
Buyback price per share08 Aug, 2024
Last Date to buy shares09 Aug, 2024
Record Date14 Aug, 2024
Offer Opens21 Aug, 2024
Offer Closes21 Aug, 2024
Last Date for Tender Forms27 Aug, 2024
Finalisation of Buyback Acceptance28 Aug, 2024
Last Date for settlement of bids06 Sep, 2024
Last Date for Extinguishment of SharesAbout Indus Towers Limited Buyback Company
Indus Towers Limited is a telecommunications tower company that provides shared infrastructure to wireless telecommunication service providers in India. Founded in 2007 by Bharti Infratel, Vodafone Essar, and Idea Cellular, the company's goal was to merge its passive infrastructure assets across 16 telecom circles. As of March 31,2024, Indus Towers has over 219,736 towers and 368,588 co-locations, covering all 22 telecom circles in India.
The company's customers include Bharti Airtel, Vodafone Idea Limited, and Reliance Jio Infocomm Limited. Indus Towers provides access to its towers on a shared basis under long-term contracts.
Indus Towers Limited Buyback Details
- Security Name Indus Towers Limited
- Buyback Price ₹465.00
- Face Valuet ₹10.00
- Listing at Group BSE, NSE
- Lead Manager Axis Capital Limited
- Issue Size 5,67,74,193 ( % of Total number of equity Shares)
- Buyback Docs Letter Of Offer
Indus Towers Limited Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1/4 | 8516129 |
| General Category for all other Eligible Shareholders | 5/139 | 48258064 |
Indus Towers Limited Buyback Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Profit After Tax | 2,040.00 | 6,373.10 | -- |
| Total Borrowing | 471.26 | 548.68 | -- |
| Net Worth | -- | -- | -- |
| Total Assets | 47,967.60 | 46,572.40 | -- |
| Total Revenue | 28,743.10 | 28,069.70 | -- |
| Reserves And Surplus | 1,841.46 | 1,945.56 | -- |
How to Participate in Indus Towers Limited Buyback?
Calculation of Investment in Indus Towers Limited Buyback Buyback 2026
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Jul 30, 2024
Expected Profit from the Indus Towers Limited Buyback on the bases of acceptance Ratio:
| Acceptance Ratio | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹192,279.57 | 141 | 2530 | 1.32% |
| 50% | ₹192,279.57 | 215 | 3859 | 2.01% |
| 75% | ₹192,279.57 | 322 | 5779 | 3.01% |
| 100% | ₹192,279.57 | 430 | 7718 | 4.01% |
Amount Invested in Buyback: ₹192,279.57
Indus Towers Limited Buyback - Necessity of the Objective
The current Buyback is in line with the Company's Shareholder-friendly capital allocation practices of enhancing overall Shareholders' value, thereby improving earnings per Share, and optimizing returns to Shareholders.
The Buyback, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve allocation of number of Equity Shares as per their entitlement or 15% (fifteen percent) of the number of Equity Shares to be bought back, whichever is higher, reserved for Small Shareholders. The Company believes that this reservation for Small Shareholders would benefit a large number of public Shareholders, who would get classified as small shareholders as per Regulation 2(i)(n) of the Buyback Regulations.
The Buyback gives the Eligible Shareholders the choice to either:
participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback; or
not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.
Contact Details
Indus Towers Limited Buyback
Building No. 10, Tower A, 4th Floor, DLF Cyber City Gurugram-122002
+91 -124-4296766
compliance.officer@industowers.com
Registrar Contact Details
Kfin Technologies Limited
industowers.buyback@kfintech.com
04067162222, 04079611000