Indus Towers to Acquire 16,100 Telecom Towers for Rs 3,308.7 Crore

• Indus Towers will acquire 16,100 telecom towers from Bharti Airtel and Bharti Hexacom for Rs 3,308.7 crore in a cash deal, expected to close by March 31.
• The acquisition aligns with Indus Towers' core business and growth plans, increasing its market share and supporting revenue growth through sharing opportunities.
• The transaction, a related party deal, is based on an independent valuation report and will be completed at arm's length.

Source: Moneycontrol, The Economic Times