Indus Towers to Acquire 26 percent Stake in Amplus Tungabhadra for Renewable Push

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Indus Towers to Acquire 26 percent Stake in Amplus Tungabhadra for Renewable Push
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.

Also Read: Indus Towers Reports Rs 4,003 Crore Profit in Q3, Enters EV Charging Market

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…



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Indus Towers to Acquire 26 percent Stake in Amplus Tungabhadra for Renewable Push


Indus Towers to Acquire 26 percent Stake in Amplus Tungabhadra for Renewable Push
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.

Also Read: Indus Towers Reports Rs 4,003 Crore Profit in Q3, Enters EV Charging Market

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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