Bharti Hexacom Share Surges on Pausing Infrastructure Transfer to Indus Towers for Fresh Consultation

Bharti Hexacom Limited has announced a temporary pause on its previously approved plan to transfer its passive infrastructure business undertaking to Indus Towers Limited. This decision follows a formal request by Telecommunications Consultants India Limited (TCIL), a public sector undertaking and a key shareholder in Bharti Hexacom.

The original proposal, involving the sale or transfer of mobile and wireless communication towers and associated infrastructure, had been overwhelmingly approved by shareholders. On March 16, 2025, 99.99% of the participating public shareholders voted in favour of the transaction through a postal ballot process.

TCIL Seeks Fresh Review in Line with PSU Requirements

TCIL has now requested Bharti Hexacom to initiate a new process that adheres to the specific procedural and governance requirements applicable to public sector undertakings. As a significant stakeholder, TCIL’s request underscores the importance of alignment with public sector standards in such strategic decisions.

Commitment to Corporate Governance and Transparency

Despite strong shareholder backing and the company’s confidence in the business rationale of the proposal, Bharti Hexacom’s management and Board have chosen to uphold the highest standards of corporate governance. In response to TCIL’s request, the company has decided to put the current proposal in abeyance and commence a fresh exercise in consultation with TCIL.

This move reflects the company’s commitment to maintaining transparency and stakeholder alignment in all major business undertakings.

Indus Towers Duly Notified

Bharti Hexacom has informed Indus Towers Limited about this development. Further updates regarding the renewed process and future steps will be shared with stakeholders as and when they materialise.

Share Price Movement

As of 10:02 AM on April 11, 2025, Bharti Hexacom’s share price was trading at ₹1,511.95risen by 5.55%. In contrast, Indus Towers’ share price was trading at ₹370.05, a 0.15% down.

Conclusion

The development underscores Bharti Hexacom’s focus on stakeholder alignment and regulatory prudence. The outcome of the renewed process will be closely watched.

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