Indus Towers Limited — Board Meeting, 22-10-2024: Outcome of Board Meeting

Indus Towers Limited reported its Q2 and half-year financial results, showcasing revenue of ₹75,791 million and a net profit of ₹22,224 million for the period ended September 30, 2024. The company completed a buyback of 56,774,193 shares, raising Bharti Airtel’s stake to 50.01%. Despite a show cause notice regarding potential tax liabilities, the management believes the exposure is minimal. The operational performance remains strong, emphasizing its status as a leading player in the telecommunications sector.