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Indus Towers rises on inking pact to acquire 26% stake in JSW Green Energy Eight

23 May 2025 Evaluate

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

The scrip opened at Rs. 384.05 and has touched a high and low of Rs. 389.00 and Rs. 384.05 respectively. So far 16857 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 460.70 on 02-Sep-2024 and a 52 week low of Rs. 292.00 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 402.30 and Rs. 382.00 respectively. The current market cap of the company is Rs. 102057.33 crore.

The promoters holding in the company stood at 50.00%, while Institutions and Non-Institutions held 44.83% and 5.16% respectively.

Indus Towers has entered into an agreement for acquisition of 26% of the equity share capital, on a fully diluted basis, in JSW Green Energy Eight, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode in accordance with the provisions of the Electricity Act, 2003, the Indian Electricity Rules, 2005, Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022 and amendments thereof. 

The Company will receive renewable energy from Solar PV power plant. This acquisition aligns with the Company’s renewable energy objectives, supporting the procurement of green energy and advancing its Net Zero goals. Cost of acquisition is around Rs 38.04 crore. The said acquisition is expected to be completed by July 2026. 

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


Indus Towers Share Price

420.30 -18.20 (-4.15%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Indus Towers 420.30
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