[ad_1] Brokerage firm Citi has opened a positive catalyst watch for a 90-day period on shares of Vodafone Idea Ltd. and Indus Towers Ltd. on Tuesday, April 1. The government will now become the largest shareholder of Vodafone Idea after it will convert its spectrum dues into equity. The equity conversion of ₹36,950 crore, will […]
Bharti Airtel secures shareholder nod for infrastructure sale to Indus Towers – CNBC TV18
[ad_1] Bharti Airtel shareholders have approved the sale of its passive infrastructure business—which includes mobile and wireless communication towers—to its subsidiary Indus Towers Ltd via remote e-voting. The proposal, classified as a material related party transaction, received 99.85% of votes in favour, reflecting strong investor backing. According to the company’s regulatory filing with NSE and […]
Indus Towers results boost hopes of a larger dividend payout from the company – CNBC TV18
[ad_1] The street is now getting increasingly hopeful of a big dividend announcement from Indus Towers Ltd. after a marked improvement in its financial performance from the December quarter. Company Value Change %Change The company’s profits and margins saw a jump compared to the same quarter last year due to the reversal of doubtful debts […]
Indus Towers reduces contingent liability by ₹3,500 crore after ITAT ruling – CNBC TV18
[ad_1] Indus Towers Limited has secured a favorable ruling from the Income Tax Appellate Tribunal (ITAT) regarding the denial of depreciation on assets received during its merger with Bharti Infratel. The company’s announcement confirmed that the ITAT has ruled in its favour, dismissing the tax department’s objections to the depreciation claims on merged assets. This […]
Indus Towers inks power purchase agreement with JSW Group firm, to invest ₹38 crore – CNBC TV18
[ad_1] Telecom infrastructure provider Indus Towers on Thursday, December 12, signed a Power Purchase Agreement (PPA) with JSW Green Energy Eight Ltd, a special purpose vehicle (SPV) under the JSW Group. Company Value Change %Change The agreement involves procuring 130 MW of renewable energy from a solar photovoltaic (PV) plant under a captive model, Indus […]
Top stock picks: Shares of these companies can rally up to 25-50% – CNBC TV18
[ad_1] 1 / 8 Leading brokerages have identified significant upside potential in stocks like Persistent Systems, RIL, PVR Inox, and others. With target prices implying gains ranging from 22% to 53%, these picks are backed by strong fundamentals, market trends, and positive management outlooks. Here’s a look at the top recommendations. 2 / 8 PVR […]
Trade Setup for December 5: Nifty aims for a break beyond 24,500; Focus on banks ahead of RBI policy – CNBC TV18
[ad_1] The Indian equity market gained for the fourth straight day, marking its longest winning streak in two months. The Nifty 50 shifted into consolidation on December 4 after a sustained upmove over the past three trading sessions. While the index closed in the green, it ended off its intraday highs due to a tug […]
An 11% correction in Indus Towers shares in a month is a buying opportunity, says Citi – CNBC TV18
[ad_1] Brokerage firm Citi on Friday, October 11, said it believes the Indus Towers’ share price correction over the last one month is an attractive buying opportunity. Shares of the tower company have declined 11% in the last month. The brokerage has reiterated its “buy” rating on Indus Towers with a price target of ₹500, […]
JPMorgan upgrades Indus Towers, here are 3 reasons why it raised target price by over 45% – CNBC TV18
[ad_1] Indus Towers shares were in focus on September 11 as global brokerage firm JPMorgan upgraded its rating and raised its target price by 47%, as per their latest note. JPMorgan has raised its rating on the telecommunications infrastructure company to overweight from neutral earlier. The analyst hiked the target price on the Indus Tower […]