{"id":849495,"date":"2024-08-29T10:41:41","date_gmt":"2024-08-29T05:11:41","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=849495"},"modified":"2024-08-29T10:43:23","modified_gmt":"2024-08-29T05:13:23","slug":"airtel-set-to-be-largest-shareholder-in-indus-towers","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/29\/airtel-set-to-be-largest-shareholder-in-indus-towers\/","title":{"rendered":"Airtel set to be largest shareholder in Indus Towers"},"content":{"rendered":"<p>Bharti Airtel is poised to become the single largest shareholder in telecom infrastructure company Indus Towers following the completion of a buyback initiated by the tower company on August 14.<\/p>\n<p>Airtel, which previously held a 48.95% stake in Indus Towers, will now own over 50% of the company, making Indus Towers a subsidiary of the telecom giant.<\/p>\n<p>Indus Towers commenced its buyback on August 14, purchasing shares at Rs 465 each, for a total of Rs 2,639.9 crore. This buyback included 56.7 million shares, representing approximately 2.1% of the total equity shares in the company\u2019s paid-up share capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel is poised to become the single largest shareholder in telecom infrastructure company Indus Towers following the completion of a buyback initiated by the tower company on August 14. Airtel, which previously held a 48.95% stake in Indus Towers, will now own over 50% of the company, making Indus Towers a subsidiary of the telecom giant. Indus Towers commenced its buyback on August 14, purchasing shares at Rs 465 each, for a total of Rs 2,639.9 crore. This buyback included 56.7 million shares, representing approximately 2.1% of the total equity shares in the company\u2019s paid-up share capital.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,64,12],"tags":[],"class_list":["post-849495","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=849495"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849495\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=849495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=849495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=849495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}