DSP Mutual Fund increased its stake in Indus Towers from 1.24% to 1.29%, purchasing 13,19,483 shares. The additional shares are worth ₹53.24 crore at a share price of ₹403.50.
A leading telecom infrastructure provider in India, Indus Towers designs, builds, and maintains wireless communication towers for mobile network operators across the country. The company operates an extensive portfolio of towers, offering colocation and related services to enable connectivity for multiple operators. As a neutral host infrastructure platform, it maintains operational independence while providing technical expertise in tower management and network expansion.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.
