Latest News | Indus Towers to Acquire 26 Pc Stake in Amplus Tungabhadra for Rs 27 Cr

New Delhi, Feb 4 (PTI) Indus Towers on Tuesday said it has signed an agreement to acquire 26 per cent stake in renewable energy firm Amplus Tungabhadra for about Rs 27 crore.

The telecom infrastructure firm will consume 50 megawatt of renewable energy from the proposed solar PV power plant of Amplus in compliance with regulatory requirements for captive power plants, a BSE filing said.

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"The company has entered into an agreement for acquisition of 26 per cent of the equity share capital, on a fully diluted basis, in Amplus Tungabhadra Private Limited, a special purpose vehicle , for the purpose of owning and operating a captive power plant, in accordance with the regulatory requirement for captive power consumption under electricity laws," the filing by Indus Towers said.

The deal is expected to close by February 2026.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)