Bharti Hexacom Limited — Important, 06-02-2025: Updates

The Board of Directors of Bharti Hexacom Limited has approved the sale of approximately 3,400 telecom towers, including Macro Sites, Ultra Lean Sites, and Cell on Wheels, to Indus Towers Limited through a slump sale, pending statutory approvals. The transaction is valued at up to INR 11,341 Mn, subject to closing adjustments, following an independent fair valuation. This move aims to leverage operational synergies within the group, enhancing focus and better management of tower business operations. It is clarified that the telecom towers involved do not constitute an 'Undertaking' under applicable regulations. This transaction reflects a strategic effort to streamline operations and could be beneficial for the company's future growth trajectory. Investors should monitor this development closely for potential impacts on operational efficiencies and profitability.