Bharti Airtel moves to raise stake in Indus Towers

Bharti Airtel was given the greenlight to increase its shares in Indus Towers by up to 5%, strengthening its control in India’s largest tower infrastructure provider.

In a regulatory filing on 3 November 2025, the operator said a special committee of directors had granted enabling approval to acquire the additional stake over time and in one or more tranches. Airtel said the move reflected the strategic importance of Indus Towers to its operations, noting that it would “continuously evaluate opportunities to consolidate its stake” while balancing cash flow needs for capital expenditure and dividend payments.

Airtel currently owns 51.03% of Indus Towers. The company added that any future purchases would depend on prevailing market conditions, including liquidity and price, and would comply with applicable regulations.

Shares of Indus Towers rose 2.5% to INR 392.30 following the announcement, Business Standard reported. The stock had also gained 5.2% earlier on 3 November after the Supreme Court clarified that the government could reassess and reconcile all Adjusted Gross Revenue (AGR) dues of Vodafone Idea up to FY2016–17, a move viewed as positive for Indus Towers given Vodafone Idea’s major contribution to its revenue base.

Indus Towers operates 256,074 telecom towers across all 22 telecom circles, serving all major wireless operators in India.

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