Indus Tower's share price surged by up to 4% in early morning trading on Monday, April 28, 2025. The increase was fueled by news of the company's upcoming Board Meeting, scheduled for April 30, where potential proposals, including dividend, bonus, and buyback plans, will be discussed.
Indus Tower Board Meeting Update
Indus Towers provided a significant update regarding its Board Meeting, which is set to take place on April 30, 2025. The company plans to evaluate several strategies to enhance shareholder returns. Some of the options include:
- Buyback of shares
- Issuing bonus shares or debentures
- Declaring a dividend
The company intercompany intends to consider viable options for improving shareholder value, including combining these strategies.
Additionally, Indus Towers announced that the trading window for all designated persons will remain closed until May 02, 2025. This will prevent any trading related to the upcoming Board decisions.
Indus Tower Share Price Movement
Indus Towers opened at ₹409.05 on the BSE on Monday, which was already over 3% higher than the previous day's closing price of ₹396.55. The share price continued to rise throughout the morning session, reaching intraday highs of ₹410.20 on the NSE and ₹409.40 on the BSE.
This upward movement highlights the market's positive reception to the upcoming Board Meeting and the potential for increased shareholder returns.
Summary of the Article
Indus Towers' share price saw a notable 4% rise on April 28, 2025, driven by an announcement regarding its upcoming Board Meeting. The meeting, scheduled for April 30, will consider options to enhance shareholder returns, including buybacks, dividends, and bonuses. The share price gained throughout the morning, peaking at ₹410.20 on the NSE.
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