Indus Towers Acquires 26% Stake in Amplus Tungabhadra for Renewable Energy Consumption

Indus Towers Limited has agreed to acquire 26% of the equity share capital in Amplus Tungabhadra Private Limited, a special purpose vehicle that owns and operates a Captive Power Plant. This acquisition aligns with the company's renewable energy objectives and supports the consumption of sustainable energy, advancing its Net Zero goals. The acquisition will enable Indus Towers to consume 50 MW renewable energy from a Solar PV power plant, complying with regulatory requirements for captive power plants under electricity laws. The transaction is expected to be completed by February 2026, subject to the receipt of all consents and permissions required from regulatory authority(s).