Indus Towers Limited — JV/Acquisition, 04-02-2025: Acquisition

Indus Towers Limited has entered into an agreement to acquire a 26% stake in Amplus Tungabhadra Private Limited for approximately ₹27 Crore. This strategic move aims to ensure the consumption of 50 MW of renewable energy from a new solar PV power plant, aligning with regulatory requirements for captive power consumption. The acquisition supports the company's renewable energy objectives and advances its Net Zero goals. Completion of the acquisition is subject to obtaining necessary regulatory approvals, with an indicative timeline for completion set for February 2026.