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Indus Towers gets nod to raise up to Rs 1,500 crore through NCDs

28 Nov 2022 Evaluate

Indus Towers has received approval to raise total up to Rs 1,500 crore (Base issue size of Rs 1,000 crore and Green Shoe option of up to an additional Rs 500 crore) in three series through Non-Convertible Debentures (NCDs) on private placement basis. The board of directors at its meeting held on November 25, 2022 has approved the same.

Indus Towers is a telecom tower infrastructure service provider that deploys, owns and manages telecom towers and communication structures, for various mobile operators.

Peers
Company Name CMP
Bharti Airtel 1905.00
Vodafone Idea 12.57
Indus Towers 383.25
Tata Communications 1742.30
Railtel Corp. India 255.30
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