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Indus Towers raises Rs 1500 crore through NCDs

07 Dec 2022 Evaluate

Indus Towers has raised Rs 1500 crore through the allotment of 15,000 rated, listed, unsecured, redeemable non-convertible debentures of face value of Rs  10,00,000 each (NCDs) in three series on private placement basis. The Committee of Directors for Fund Raising at their meeting held on December 7, 2022, has inter-alia, approved the allotment of 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 2096.25
Jio Platforms 1405.75
Vodafone Idea 12.75
Indus Towers 382.00
Tata Communications 1705.10
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