On February 1, Indus Towers recorded a substantial block deal, amounting to Rs 5,229 crore, involving approximately 24.7 crore shares, signifying a significant shift in ownership with a 9.2 percent stake changing hands.
As of 10:59 am, the shares were observed trading at ₹220.95.
Details regarding the immediate identification of buyers and sellers remain undisclosed. However, on January 31, Moneycontrol reported the potential involvement of US private equity firm KKR and the Canadian Pension Plan Investment Board (CPPIB) in a $465-million block deal concerning Indus Towers. This strategic move is seen as part of an exit strategy for the telecom tower company by these entities.
