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BSE SENSEX
84,435.76
+1,250.96
+1.50 %
Corporate Announcement
Security Code
534816
Company
Indus Towers Ltd
Exchange Received Time
05/09/2018 20:49:13
Exchange Disseminated Time
05/09/2018 20:49:20
Time Taken
00:00:07
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements)Regulations, 2015
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09/05/18 20:49
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that subsequent to completion of Vodafone-Idea merger and their Scheme becoming effective from August 31, 2018, Bharti Infratel Limited ('the Company') and Indus Towers Limited where the Company holds 42% equity, have received exit notices, which would result in exit of 27,447 co-locations for the Company on a consolidated basis. The aforesaid co-locations contribute to 13.7% of the total co-locations on a consolidated basis as on June 30, 2018.
This is likely to result in a net reduction of consolidated service revenue of approx. Rs. 60- 65 crores per month w.e.f. September 1, 2018. We expect that this will be mitigated by exit charges and incremental revenues on account of anticipated new network rollouts by the operators going forward.
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