Indus Towers Limited is the largest telecom tower company in India. The company owns around 234643 telecom towers in India. After the merger of Indus Towers and Bharti Infratel in 2020, the company offers services to the three large telecom operators, Bharti Airtel, Reliance Jio, and Vodafone Idea.
The company, in a filing with the exchange, said that it is exploring options such as a bonus issue, debentures, or dividends, or any other mode or combination permissible. Additionally, the company said that the trading window for the company's designated persons for dealing in the company shares will continue to be closed until May 2.
The board is set to gather on April 30, and the company can consider a bonus issue, dividend, debenture, or combination in a move to enhance shareholder returns.
The conference is especially significant because Indus Towers has not declared a bonus since listing in 2012. Although the company did conduct a buyback of shares in 2024, a new proposal for a buyback will also be discussed. Dividend distributions have been kept on hold since 2022, owing mainly to late payments by Vodafone Idea. With a resumption of the payments, hopes are high for a resurgence in dividends.
This will be the first ever by Indus Towers if the company opts for a bonus issue. The company had last given a dividend in 2024, when it declared an Rs 11 per equity share dividend for the year. Aside from that, the company had paid a dividend in May 2022. Its dividend yield is currently 2.77%
After the announcement, the share price of Indus Towers increased by 3 percent. On Monday, Indus Towers stock opened at Rs 407.65, and by 1 PM it was at Rs 409 on the National Stock Exchange.
In the last month, the stock of Indus Towers has been increasing. It has increased by 22 percent in one month. The share price of Indus Towers was Rs 334 on March 28, 2025. Considering the company's year-long performance on Dalal Street, its stock price has risen by 18 percent in one year.
The company last year saw its net profit grow by 32 percent in the 4th quarter of FY 24. The company had a net profit of Rs 1853 crores. The consolidated revenue during Q4 FY24 was Rs 7193 crore.
The result of the board meeting will be keenly observed by the company's vast shareholder base of more than 4 lakh small investors, who would directly gain from any good news.
Prior to the meeting, the share price of Indus Towers has moved upwards, signaling the upbeat market mood regarding possible shareholder returns. The window for trading in the company shares will continue to be closed till Friday, May 2nd.
Indus Towers' scheduled board meeting on April 30th has triggered a lot of investor expectation for possible shareholder benefits, such as a maiden bonus, resumption of dividend after a payment revival, or another buyback driven by recent robust profitability and share price appreciation.