AZB & Partners Advises Indus Towers on Equity Share Buyback

AZB & Partners advised Indus Towers Limited (Indus) in relation to its buyback of up to 5,67,74,193 fully paid-up equity shares of Indus, representing 2.107% of the total paid-up equity shares of Indus, for an aggregate amount of up to INR 2,640 crore through the tender offer route. AZB also advised and assisted Bharti Airtel Limited (Airtel) in securing unconditional approval from the Competition Commission of India for an increase in shareholding of Airtel in Indus, pursuant to the buyback. Our deal team was led by senior partners @Anil Kasturi and @Niladri Maulik along with, partner Ankit Tandon, senior associate Shubham Toshniwal, and associate Vidit Parmar. Our competition team was led by partner - Hemangini Dadwal along with senior associate - Nitin Nair and associates - Rishabh Jain and Ojasvi Mishra.