In a regulatory filing issued on Monday alongside its September quarter results, Bharti Airtel said that a special committee of directors, authorised by the board, has granted an enabling approval to acquire up to an additional 5% stake in Indus Towers over time. The company clarified that the stake purchase could be executed in one or more tranches.
“Given its strategic importance, it is prudent for Bharti Airtel to continually assess opportunities to consolidate its holding in Indus Towers, while balancing cash flow requirements for business capex and dividend payouts,” Bharti Airtel said in a regulatory filing on November 3.
It added that any such acquisition, if undertaken, would depend on prevailing market conditions, including liquidity and price, and would comply with all applicable laws. As of the end of the September quarter, Bharti Airtel held a 51.03% stake in Indus Towers.
On Monday, shares of Indus Towers jumped more than 5% after the Supreme Court clarified on Vodafone Idea’s AGR dues plea, saying the government is free to consider relief not only on additional dues but on the overall amount as well. Analysts see any such relief for Vodafone Idea as a key positive for Indus Towers, as it could pave the way for the company to resume dividend payouts to shareholders.
Airtel shares will also be in focus after the telecom major reported a sharp 89% year-on-year (YoY) increase in its consolidated net profit for the second quarter of FY26. The company’s Profit After Tax (PAT) rose to Rs 6,792 crore, compared to Rs 3,593 crore in the same period last year. The PAT is attributable to the owners of the parent, according to the company’s latest exchange filing.The revenue from operations during the quarter stood at Rs 52,145 crore, marking a 26% YoY growth from Rs 41,473 crore in the corresponding quarter of the previous financial year.Shares of Indus Towers ended Monday’s session 5% higher at Rs 382 per share. The stock is up 11.28% on a year-to-date basis.
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