Indus Towers is currently trading at RS. 388.00, up by 4.05 points or 1.05% from its previous close of RS. 383.95 on the BSE.

The stock opened at RS. 384.05 and has registered a high of RS. 389.00 and a low of RS. 384.05 so far. A total of 16,857 shares have been traded on the counter.

The BSE group 'A' stock, with a face value of RS. 10, touched a 52-week high of RS. 460.70 on September 2, 2024, and a 52-week low of RS. 292.00 on June 4, 2024. In the past week, the stock has seen a high of RS. 402.30 and a low of RS. 382.00. The current market capitalization stands at RS. 102057.33 crore.

Promoter holding in the company is 50.00%, while institutional and non-institutional investors hold 44.83% and 5.16%, respectively.

Indus Towers has entered into an agreement to acquire a 26% equity stake, on a fully diluted basis, in JSW Green Energy Eight — a special purpose vehicle (SPV). The acquisition aims to facilitate renewable energy procurement from a Solar PV plant under captive mode. This aligns with regulatory frameworks such as the Electricity Act, 2003, and the Green Energy Open Access Rules, 2022.

The company will source renewable energy from this solar facility as part of its green energy goals. The acquisition, valued at approximately RS. 38.04 crore, is expected to be completed by July 2026.

Indus Towers is a leading telecom infrastructure provider in India, managing the deployment and maintenance of communication towers for various mobile operators.