Indus Towers Limited Buyback
Indus Towers Buyback 2024
Tender Offer
₹465.00
Buyback price per shareAbout Indus Towers Limited Buyback
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 LimitedBuyback Price
₹465.00Face Value
₹10.00Listing at Group
BSE, NSELead Manager
Axis Capital LimitedBuyback Docs
Letter Of OfferIssue Size
5,67,74,193 ( % of Total number of equity Shares)Indus Towers Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Aug 8, 2024 | Aug 9, 2024 | Aug 14, 2024 | Aug 21, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Aug 21, 2024 | Aug 27, 2024 | Aug 28, 2024 | Sep 6, 2024 |
Indus Towers Limited Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 1/4 | 8516129 |
| General Category for all other Eligible Shareholders | 5/139 | 48258064 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Net Worth | -- | -- | -- |
| Total Assets | 47,967.60 | 46,572.40 | -- |
| Reserves And Surplus | 1,841.46 | 1,945.56 | -- |
| Profit After Tax | 2,040.00 | 6,373.10 | -- |
| Total Borrowing | 471.26 | 548.68 | -- |
| Total Revenue | 28,743.10 | 28,069.70 | -- |
How to Participate in Indus Towers Limited Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Indus Towers Limited Buyback in Demat or physical form as on the record date Aug 9, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Aug 14, 2024 by selling your shares through your broker on BSE, NSE.
3. Then on Sep 6, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Indus Towers Limited Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹465.00 |
Maximum share for small shareholders (200000/ 465) | 430.11 share |
Closing price of stock as of 2024-07-30 | ₹447.05 |
Maximum amount insted in buyback (₹447.05 x 430.10752688172045 shares) | ₹192,279.57 |
* 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 | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹192,279.57 | ₹192,279.57 | ₹192,279.57 | ₹192,279.57 |
No. of Shares Buyback | 141 | 215 | 322 | 430 |
Buyback Profit | 2530 | 3859 | 5779 | 7718 |
Profit% | 1.32% | 2.01% | 3.01% | 4.01% |
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.
Indus Towers Limited Buyback
Building No. 10, Tower A, 4th Floor, DLF Cyber City Gurugram-122002Email: compliance.officer@industowers.com
Phone: +91 -124-4296766
Website: https://www.industowers.com/
Kfin Technologies Limited
Email: industowers.buyback@kfintech.com
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/
