Indus Towers announces Rs 2,700 crore share buyback. Check record date

Indus Towers has set August 9 as the record date for its buyback, which represents 9.9971% and 9.9668% of its fully paid-up equity share capital and free reserves as of June 30, 2024. The company reported a 43% YoY increase in net profit to Rs 1,926 crore for Q1, fueled by Bharti Airtel’s 5G expansion and past dues collection from Vodafone Idea.