Al Amin Investments Limited, Asian Telecommunication Investments (Mauritius) Limited, CCII (Mauritius), Inc., Euro Pacific Securities Ltd, Mobilvest, Prime Metals Ltd, Trans Crystal Ltd, Vodafone Telecommunications (India) Limited, Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
INDUSTOWER · price
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Awaiting price reaction for this filing.
Ten Vodafone group entities (collectively called 'Vodafone Promoter Shareholders') have filed a compliance declaration with the exchanges stating that they no longer hold any equity shares in Indus Towers as of 5 December 2024. They had sold their entire stake through on-market sales on 19 June 2024 and 5 December 2024, and Indus Towers also conducted a share buyback on 27 August 2024. Consequently, the Vodafone entities are in the process of being reclassified from the 'promoter' category to the 'public' category. They have also confirmed that no new encumbrances were created on Indus Towers shares during the financial year ended 31 March 2025, other than one already disclosed in September 2024.
This filing formally documents the complete exit of the Vodafone group from Indus Towers, removing any future selling overhang from this promoter entity. The reclassification from 'promoter' to 'public' better reflects the actual ownership structure, and the absence of new encumbrances signals no hidden pledging risk from this group.