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Neutral Indus Towers Ltd For Target Rs.385 By Motilal Oswal Financial Services Ltd Core performance slightly weaker * Indus’ 2QFY25 reported financials came in ahead of our estimate owing to a higher-than-estimated reversal of prior period bad debt provisions (INR10.8b vs. our estimate of INR5b). * vHowever, its core operational performance was slightly below with Indus’ recurring EBITDA at INR37.9b (+1% QoQ, +7% YoY), coming in ~2% below our estimate on lower tower net additions and weaker energy spreads.   * Tower additions further moderated QoQ ...
Neutral Indus Towers Ltd For Target Rs.385 By Motilal Oswal Financial Services Ltd
Neutral Indus Towers Ltd For Target Rs.385 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-11-05 09:30:24 am
Bharti Airtel names COO Shashwat Sharma as MD and CEO; Gopal Vittal moves into bigger role Leading telecom service provider Bharti Airtel on Monday said that Gopal Vittal, who led the company as Managing Director and CEO for the last 12 years, is being appointed Executive Vice Chairman as part of a structured succession process.  On January 1, 2026, Vittal will move into the role of Executive Vice Chairman of Bharti Airtel. Shashwat Sharma, currently Chief Operation Officer (COO), will be appointed MD and CEO of Bharti Airtel on January 1, informed the company. While con...
Bharti Airtel names COO Shashwat Sharma as MD and CEO; Gopal Vittal moves into bigger role
Bharti Airtel names COO Shashwat Sharma as MD and CEO; Gopal Vittal moves into bigger role
Source: IANS
2024-10-29 09:37:41 am
Stock Picks : Bank of Baroda Ltd And Indus tower Ltd By ICICI Direct Bank of Baroda Ltd   Buy Bank of Baroda Ltd @ 251-253 Target 256.00 Stop Loss 250.40   Indus tower Ltd   Buy Indus tower Ltd @ 427-428 Target 432.00 Stop Loss 425.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd And Indus tower Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd And Indus tower Ltd By ICICI Direct
Source: ICICI Direct
2024-08-21 10:53:45 am
Bharti Airtel acquires 1 pc equity stake in Indus Towers Bharti Airtel said on Wednesday it has acquired 1 per cent equity stake in telecommunications infrastructure company Indus Towers, after the UK's Vodafone Group sold nearly 20 per cent shareholding in the firm.   In a stock exchange filing, Bharti Airtel said it bought 2.695 crore shares in Indus Towers 'on-market'. The telecom service provider had received the directors' approval for acquisition of up to 2.7 crore (27 million) equity shares in Indus Towers Limited....
Bharti Airtel acquires 1 pc equity stake in Indus Towers
Bharti Airtel acquires 1 pc equity stake in Indus Towers
Source: IANS
2024-06-19 12:38:05 pm
Vodafone to sell 10% stake in India's Indus Towers for up to $1.1 billion, term sheet shows Vodafone Group will sell about 10% stake in India's Indus Towers for as much as $1.1 billion on Wednesday, per a term sheet seen by Reuters, as a part of the British firm's efforts to repay debt. Last week, Reuters reported that Vodafone was mulling to sell its stake in mobile-tower operator Indus Towers, in which it owns a 21.5% stake via various group entities. Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale, sources ...
Vodafone to sell 10% stake in India's Indus Towers for up to $1.1 billion, term sheet shows
Vodafone to sell 10% stake in India's Indus Towers for up to $1.1 billion, term sheet shows
Source: Reuters
2024-06-19 09:12:10 am
Exclusive-Vodafone wants to sell $2.3 billion stake in India's Indus Towers, sources say Vodafone Group is looking to sell its entire $2.3 billion stake in India's Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm's effort to repay debt. Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion. The final size of the stake sale is yet to be decided and could be lower than 21.5% if deman...
Exclusive-Vodafone wants to sell $2.3 billion stake in India's Indus Towers, sources say
Exclusive-Vodafone wants to sell $2.3 billion stake in India's Indus Towers, sources say
Source: Reuters
2024-06-14 04:35:54 pm
India's Airtel in talks to buy Vodafone UK's stake in Indus Towers Bharti Airtel is in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, potentially giving the Indian telecom operator a controlling stake, the Economic Times newspaper reported on Wednesday. If the deal fructifies, the British carrier could infuse some of the proceeds into Vodafone Idea, its cash-strapped Indian venture with Aditya Birla Group, the report said, citing unnamed sources. Billionaire Sunil Mittal-led Airtel, Indus' largest shareholder with a 47.95%...
India's Airtel in talks to buy Vodafone UK's stake in Indus Towers
India's Airtel in talks to buy Vodafone UK's stake in Indus Towers
Source: Reuters
2024-04-24 09:53:28 am
Indus Towers surges on inking MoU with NTPC Green Energy Indus Towers is currently trading at Rs. 355.10, up by 10.50 points or 3.05% from its previous closing of Rs. 344.60 on the BSE. The scrip opened at Rs. 343.75 and has touched a high and low of Rs. 357.60 and Rs. 337.00 respectively. So far 576264 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 357.60 on 19-Apr-2024 and a 52 week low of Rs. 135.80 on 20-Apr-2023. Last one week high and low of the scrip stood at...
Indus Towers surges on inking MoU with NTPC Green Energy
Indus Towers surges on inking MoU with NTPC Green Energy
Source: Accord Fintech
2024-04-19 10:26:46 am
Add Indus Towers Ltd For Target Rs.263 By Yes Securities Result Synopsis Indus Towers (INDUSTOW) reported inline performance for the quarter. The sequential revenue growth and EBITDA margin were as per expectation. It reported revenue growth of 0.9% QoQ, led by 2.0% QoQ increase in the number of colocations and 1.7% QoQ decline in average sharing revenue per sharing operator. Core sharing revenue increased QoQ to Rs 44,131mn. There was sequential increase in EBITDA margin (up 185 bps QoQ) on account of lower power and fuel cost. Average sharing ...
Add Indus Towers Ltd For Target Rs.263 By Yes Securities
Add Indus Towers Ltd For Target Rs.263 By Yes Securities
Source: Yes Securities Ltd.
2024-04-05 12:59:02 pm
Neutral Indus Towers Ltd. For Target Rs.210 By Motilal Oswal Financial Services Tower adds and provision write-backs aid earnings -      Indus reported revenue/adj. EBITDA growth of 1%/3% QoQ (in line), led by strong tower/rental adds of 7.6k/7.2k and INR3b in provision write-backs. Rental EBITDA grew 3% QoQ. PAT growth was strong at 19% QoQ, led by lower power costs, and interest income for delayed payments. -      The company is benefiting from aggressive site adds by Bharti ...
Neutral Indus Towers Ltd. For Target Rs.210 By Motilal Oswal Financial Services
Neutral Indus Towers Ltd. For Target Rs.210 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-02 11:45:49 am
Stock of the day : Indus Towers Ltd For Target Rs.266 - Religare Broking Indus Towers  Ltd * INDUSTOWER has been in steady uptrend after registering a decisive breakout from Cup and Handle price pattern.  * The stock has formed a fresh buying pivot holding above its short term moving average.  * Following price action and volumes activity, price is set to surpass its previous swing high.  * We thus recommend creating fresh longs in the mentioned range. Buy  Indus Towers  Ltd  CMP 251.65 Range 250-252&...
Stock of the day : Indus Towers Ltd For Target Rs.266 - Religare Broking
Stock of the day : Indus Towers Ltd For Target Rs.266 - Religare Broking
Source: Religare Broking
2024-03-21 11:08:15 am
Hold Indus Towers Ltd For Target Rs.195 - Emkay Global Indus Towers’ (Indus) stock rallied ~10% last week. This was led by a combination of (i) impressive tower and tenancy additions by Indus in Q2; and (ii) Vodafone Idea’s mgmt. emphasizing that equity funding is likely to be closed in this quarter. However, provisioning against receivables from Vi continues for Indus, as there was a provision of doubtful debt of Rs1,335mn in Q2, which impacted EBITDA. We believe Indus is a better proxy to play any news around a fundraise by Vi, as V...
Hold Indus Towers Ltd For Target Rs.195 - Emkay Global
Hold Indus Towers Ltd For Target Rs.195 - Emkay Global
Source: Emkay Global Financial Services
2023-11-20 02:33:28 pm
Neutral Indus Towers Ltd For Target Rs.170 - Motilal Oswal Financial Services VIL provision continues; FCF turns negative * Indus Towers (Indus) reported a subdued quarter with revenue/EBITDA of +1/-2% QoQ (in-line/6% miss), due to flat rental revenue and continued VIL provision. Tenancy additions have lagged tower additions, which impacted its profitability adversely. Further, FCF turned negative due to high capex and the amount blocked in trade receivables, primarily due to VIL. * Indus is benefiting from the aggressive site additions from Bharti along with the...
Neutral Indus Towers Ltd For Target Rs.170 - Motilal Oswal Financial Services
Neutral Indus Towers Ltd For Target Rs.170 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-30 11:37:44 am