Indus Towers made the announcement on Thursday that on July 30, its board of directors will consider a proposal for the buyback of its equity shares.
In a stock exchange filing, the company said, “To consider and approve the proposal for buyback of fully paid-up equity shares of Rs 10 each of the Company, including matters related/incidental thereto. In accordance with the applicable provisions under the Companies Act, 2013, the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws (if any).”
According to the filing, the trading window for dealing in the company’s shares would remain closed for all designated persons and their immediate relatives till Aug. 1.
Yesterday, Indus Towers’ shares closed the day 0.31% down at Rs 426.15 apiece, while the NSE Nifty 50 saw a 0.03% decline in value.
