Indus Towers has entered into an agreement to acquire a 26 percent stake in Amplus Tungabhadra Private Limited, a special purpose vehicle (SPV) operating in the renewable energy space, for a cash consideration of approximately Rs 27 crore, the telecom tower company informed exchanges on Tuesday.
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Investment in Renewable Energy
Indus Towers said, “The planned acquisition is for the purpose of owning and operating a captive power plant, in keeping with the regulatory…