Indus Towers to acquire 26% stake in Amplus Tungabhadra

Indus Towers connected Tuesday said it has signed an statement to get 26 per cent involvement successful renewable vigor steadfast Amplus Tungabhadra for astir Rs 27 crore.

The telecom infrastructure steadfast volition devour 50 megawatt of renewable vigor from the projected star PV powerfulness works of Amplus successful compliance with regulatory requirements for captive powerfulness plants, a BSE filing said.

"The institution has entered into an statement for acquisition of 26 per cent of the equity stock capital, connected a afloat diluted basis, successful Amplus Tungabhadra Private Limited, a peculiar intent conveyance , for the intent of owning and operating a captive powerfulness plant, successful accordance with the regulatory request for captive powerfulness depletion nether energy laws," the filing by Indus Towers said.

The woody is expected to adjacent by February 2026.