Indus Towers announces Rs 2,700 crore share buyback. Check record date
By
Biju Kumar
The board of Indus Towers announced a share buyback via a tender offer on Tuesday while reporting its quarterly results for the first quarter of FY25. The company plans to repurchase approximately 5.68 crore shares at Rs 465 per share, totaling up to Rs 2,640 crore.
The buyback price offers a 4% premium over the stock’s closing price on Tuesday, July 30.