Bharti Airtel will soon hold a 50.005% stake in Indus Towers, thereby making the telecom tower company its subsidiary. The decision, approved by the board on August 27, entails a buyback of 56.7 million equity shares priced at Rs 10 each. Shares of Indus had closed 1% higher at Rs 437.40 on BSE on Tuesday. Airtel shares, in turn, had also close marginally (0.58%) higher at Rs 1522.50 on the exchange.
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