Indus Towers Buyback 2024 vs KDDL Buyback 2024

The Buyback is being undertaken, inter-alia, for the following reasons:

• The current Buyback is in line with the Company's Shareholder-friendly capital allocation practices of enhancing overall Shareholders' value, thereby improving earnings per Share, and optimizing returns to Shareholders.
• The Buyback, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve allocation of number of Equity Shares as per their entitlement or 15% (fifteen percent) of the number of Equity Shares to be bought back, whichever is higher, reserved for Small Shareholders. The Company believes that this reservation for Small Shareholders would benefit a large number of public Shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the Buyback Regulations.
• The Buyback gives the Eligible Shareholders the choice to either:
  • participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback; or
  • not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to return surplus cash to its members;
2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base, thereby leading to a long-term increase in members’ value; and
3. The Buyback gives an option to the members of the Company, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.