Indus Towers Limited (Indus) in relation to its buyback of up to 5,67,74,193 fully paid-up equity shares

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Oct 25, 2024

Indus Towers Limited (Indus) in relation to its buyback of up to 5,67,74,193 fully paid-up equity shares

AZB & Partners advised Indus Towers Limited (Indus) in relation to its buyback of up to 5,67,74,193 fully paid-up equity shares of Indus, representing 2.107% of the total paid-up equity shares of Indus, for an aggregate amount of up to INR 2,640 crore through the tender offer route.

AZB also advised and assisted Bharti Airtel Limited (Airtel) in securing unconditional approval from the Competition Commission of India for an increase in shareholding of Airtel in Indus, pursuant to the buyback.

Our deal team was led by senior partners Anil Kasturi and Niladri Maulik along with, partner Ankit Tandon, senior associate Shubham Toshniwal, and associate Vidit Parmar. Our competition team was led by partner Hemangini Dadwal along with senior associate Nitin Nair and associates Rishabh Jain and Ojasvi Mishra

AUTHORS & CONTRIBUTORS

Partner:
Anil Kasturi
Niladri Maulik
Ankit Tandon
Hemangini Dadwal
Associates:
Shubham Toshniwal
Vidit Parmar
Nitin Nair
Rishabh Jain
Ojasvi Mishra

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.