BOM:534816

Indus Towers' CFO to Step Down in August

Indus Towers (NSE:INDUSTOWER, BOM:534816) said Chief Financial Officer Vikas Poddar will resign from the role, effective Aug. 18, to seek opportunities outside the company, according to an Indian bourse filing on Friday.Shares of the company rose around 1% in Monday's trade.

Jefferies Adjusts Indus Towers' Price Target to INR370 From INR375, Keeps at Underperform

Nomura Starts Indus Towers at Buy With INR490 Price Target

Indus Towers Forms New Wholly-Owned Subsidiary

Indus Towers (NSE:INDUSTOWER, BOM:534816) has incorporated a wholly-owned subsidiary named "Indus Towers Global Ventures IFSC" in the Gujarat International Finance Tec-City (GIFT City) in Gujarat, India, according to a Wednesday filing to the Indian stock exchanges.The new subsidiary will act as an investment holding company for the telecom infrastructure company's overseas subsidiaries and will also undertake treasury functions and other related activities.

Jefferies Downgrades Indus Towers to Underperform from Buy, Adjusts Price Target to INR375 From INR530

Indus Towers (NSE:INDUSTOWER, BOM:534816) has an average rating of hold and mean price target of 455.92 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)