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.