Indus Towers shareholders and shareholding pattern

NSE: INDUSTOWERBSE: 534816Telecom - ServicesLarge Cap

Indus Towers Limited · Formerly Bharti Infratel · Face value ₹10 · Listed Dec 2012

₹373.00₹12.30 (3.19%)BSE ₹370.50

Share price at the NSE close on 28 Oct 2026. Previous close ₹385.30.

28 Oct: open ₹379.00, high ₹389.80, low ₹373.00

52-week range of traded prices to 28 Oct 2026

₹355.55Low, 28 Sep 2026₹481.50High, 19 Feb 2026

Market cap: ₹98,403 Cr92nd largest listed
P/E: 13.85
P/B: 2.49
Dividend yield: 3.75%
ROE: 18.8%
ROCE: 26.9%
Debt to equity: 0.03
Volume, NSE: 76,83,51054.1% delivered

Indus Towers' shareholding pattern for Sep 2026, filed on 21 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Indus Towers, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters51.26%
Foreign institutions21.72%
Indian institutions22.97%
GovernmentsNone
Individuals and others4.05%
Employee trusts0.01%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	71.96%	61.65%	61.65%	58.00%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	69.85%	69.85%	69.85%	69.85%	69.85%	67.49%	68.81%	69.00%	69.00%	69.00%	69.00%	69.00%	69.00%	69.00%	52.01%	53.01%	50.00%	50.00%	50.00%	51.03%	51.03%	51.26%	51.26%	51.26%
Indian promoters	71.96%	61.65%	61.65%	58.00%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	53.51%	41.73%	41.73%	41.73%	41.73%	44.79%	49.50%	50.83%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%	51.01%	52.01%	53.01%	50.00%	50.00%	50.00%	51.03%	51.03%	51.26%	51.26%	51.26%
Foreign promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	28.12%	28.12%	28.12%	28.12%	25.06%	17.98%	17.98%	17.98%	17.98%	17.98%	17.98%	17.98%	17.98%	17.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	27.99%	38.30%	38.30%	41.96%	46.44%	46.45%	46.45%	46.45%	46.45%	46.45%	46.45%	46.46%	46.46%	46.45%	46.48%	46.48%	30.15%	30.15%	30.13%	30.13%	30.13%	32.49%	31.17%	30.99%	30.99%	30.98%	30.98%	30.99%	30.96%	30.97%	47.95%	46.98%	49.96%	49.96%	49.96%	48.93%	48.93%	48.71%	48.71%	48.74%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	26.50%	26.60%	26.63%	23.93%	21.41%	20.71%	16.40%	23.15%	24.19%	26.15%	26.42%	27.51%	26.20%	25.92%	25.09%	23.20%	21.72%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	26.50%	26.17%	26.06%	23.51%	20.80%	20.08%	15.62%	21.99%	23.12%	25.10%	25.31%	26.42%	25.39%	25.11%	24.42%	22.58%	21.10%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.43%	0.56%	0.43%	0.61%	0.63%	0.78%	1.16%	1.07%	1.05%	1.11%	1.09%	0.82%	0.81%	0.68%	0.62%	0.61%
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	0.00%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.92%	2.88%	2.46%	4.52%	6.70%	7.08%	9.89%	16.99%	16.99%	17.80%	18.41%	18.17%	18.24%	18.95%	19.68%	21.45%	22.97%
Mutual funds	0.52%	1.01%	0.59%	1.08%	1.53%	1.56%	2.24%	2.26%	1.21%	0.85%	0.96%	0.92%	1.17%	1.91%	2.56%	0.67%	0.48%	0.25%	0.49%	0.34%	0.80%	0.69%	0.55%	0.56%	0.55%	0.32%	2.28%	3.84%	4.02%	6.56%	12.70%	12.96%	13.32%	13.68%	13.16%	13.80%	14.03%	14.08%	16.22%	18.02%
Insurance companies	–	–	–	0.63%	0.62%	0.62%	0.62%	0.62%	0.62%	0.62%	0.62%	0.84%	1.16%	1.46%	1.72%	2.97%	2.04%	2.04%	2.04%	0.01%	0.01%	0.01%	0.01%	2.33%	2.29%	2.10%	2.20%	2.74%	2.96%	3.11%	3.69%	3.44%	3.47%	3.55%	3.72%	3.12%	3.86%	4.24%	4.36%	4.44%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	Under 0.01%	0.04%	Under 0.01%	0.01%	–	0.03%	0.03%	0.02%	0.04%	0.01%
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.01%	Under 0.01%	0.01%	0.50%	0.78%	0.92%	0.95%	0.72%	0.80%	0.35%	0.17%
Alternative investment funds	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.03%	0.01%	Under 0.01%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	Under 0.01%	0.02%	Under 0.01%	0.09%	0.08%	0.22%	0.58%	0.50%	0.46%	0.39%	0.36%	0.34%	0.31%	0.54%	0.45%	0.29%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	0.04%	0.04%	0.00%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	–	–	0.00%	0.00%	0.00%
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	0.04%	0.04%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.00%	0.00%	0.00%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.57%	1.51%	1.89%	2.52%	2.88%	3.17%	4.68%	7.82%	5.81%	6.01%	5.13%	4.28%	4.48%	4.05%	3.94%	4.06%	4.05%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	1.08%	1.36%	1.59%	1.69%	1.89%	2.27%	2.99%	2.76%	3.05%	2.82%	2.36%	2.39%	2.09%	2.04%	2.03%	2.02%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.24%	0.25%	0.26%	0.33%	0.56%	0.67%	1.15%	1.86%	1.15%	1.12%	0.85%	0.66%	0.72%	0.71%	0.66%	0.61%	0.61%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.11%	0.08%	0.08%	0.47%	0.34%	0.38%	0.82%	2.52%	1.48%	1.41%	1.06%	0.92%	1.02%	0.94%	0.93%	0.96%	1.14%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.04%	0.05%	0.07%	0.11%	0.12%	0.19%	0.21%	0.21%	0.23%	0.24%	0.22%	0.22%	0.21%	0.20%	0.19%	0.19%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	0.00%	–	–	–	0.00%	0.00%	0.00%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.01%	0.01%	0.01%	Under 0.01%	0.00%	0.00%	–	–	–	0.00%	0.00%	0.00%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.05%	0.14%	0.07%	0.19%	0.11%	0.24%	0.23%	0.21%	0.20%	0.15%	0.12%	0.12%	0.10%	0.10%	0.26%	0.10%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%	0.10%	Under 0.01%	0.10%	Under 0.01%	0.07%	0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.16%	Under 0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.04%	0.04%	0.07%	0.09%	0.11%	0.16%	0.22%	0.18%	0.19%	0.14%	0.11%	0.11%	0.09%	0.09%	0.09%	0.08%
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Employee trusts	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.04%	0.01%	Under 0.01%	0.01%	0.01%	0.02%	0.02%	0.03%	0.02%	0.02%	0.02%	0.01%	0.03%	0.02%	0.01%	0.04%	0.04%	0.03%	0.01%	0.04%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.01%
Promoter shares pledgedShare of the promoters' own shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	40.26%	40.26%	40.26%	40.26%	40.26%	31.18%	30.58%	30.50%	30.50%	30.50%	30.50%	30.50%	30.50%	30.50%	5.88%	5.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	1,84,96,08,246	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,69,49,36,950	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757	2,63,81,62,757

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Indus Towers shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	31,512	39,145	32,064	29,941	33,588	34,776	37,584	38,501	38,223	34,789	37,159	37,015	41,586	51,099	68,698	1,09,466	80,263	81,890	1,10,943	1,17,896	1,53,708	1,97,782	2,07,607	2,33,276	2,30,242	2,58,997	2,71,679	2,64,675	2,67,108	3,10,694	4,06,689	4,25,876	4,41,036	4,21,427	3,66,757	3,80,788	3,48,339	3,35,735	3,41,960	3,42,202
	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	12	12	12	12	12	12	12	12	12	11	11	11	11	11	3	3	1	1	1	1	1	1	1	1
Indian promoters	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	4	4	4	4	4	3	3	3	3	3	3	3	1	1	1	1	1	1	1	1
Foreign promoters	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10	10	10	10	8	8	8	8	8	8	8	8	8	8	0	0	0	0	–	–	–	–	–	0
	31,510	39,142	32,061	29,938	33,585	34,773	37,581	38,498	38,220	34,786	37,156	37,012	41,583	51,096	68,695	1,09,463	80,250	81,877	1,10,930	1,17,883	1,53,695	1,97,769	2,07,594	2,33,263	2,30,229	2,58,985	2,71,667	2,64,663	2,67,096	3,10,682	4,06,685	4,25,872	4,41,034	4,21,425	3,66,755	3,80,786	3,48,337	3,35,733	3,41,958	3,42,200
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	639	633	612	327	296	270	367	662	743	797	827	913	868	842	826	765	728
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	637	595	574	302	271	248	331	606	685	739	766	843	809	784	774	719	681
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	36	36	25	25	22	36	56	58	58	61	70	59	58	52	46	47
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	0	0	0	0	0	0	0	0	–	–	–	0	0	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	34	35	33	37	43	49	65	107	106	94	94	94	92	97	121	125	123
Mutual funds	70	81	67	69	24	24	24	23	25	27	26	26	25	25	25	19	21	20	22	19	23	20	20	19	19	19	24	26	28	32	38	37	37	38	35	36	38	42	42	45
Insurance companies	–	–	–	3	3	3	3	2	2	2	2	2	2	2	2	2	2	2	2	1	1	1	1	13	13	11	11	10	13	15	24	25	24	25	24	25	26	26	26	29
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	0	0	2	0	0	3	2	3	2	–	2	2	1	3	2
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	–	–	1	1	1	1	1	5	4	3	1	2	1	1	0	1	0	0	0	1	2	1	4	7	15	39	37	28	28	32	28	29	49	48	41
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	2	2	4	1	0	1	–	1	2	3	3
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	1	–	–	0	0	0
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	0	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	0	1	0	0	0	0	0	0	–	–	–	0	0	0
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	0	1	0	0	0	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,32,589	2,29,560	2,58,339	2,71,303	2,64,323	2,66,777	3,10,250	4,05,916	4,25,023	4,40,143	4,20,504	3,65,748	3,79,826	3,47,398	3,34,786	3,41,068	3,41,349
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,27,160	2,24,216	2,52,839	2,65,240	2,57,154	2,59,246	2,99,745	3,91,427	4,09,755	4,23,888	4,04,454	3,51,139	3,64,621	3,33,483	3,20,810	3,26,674	3,26,956
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	96	107	120	161	207	254	320	512	366	370	333	269	300	271	265	250	252
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	523	510	497	635	862	921	1,354	2,408	2,189	2,356	2,216	2,047	1,981	1,765	1,933	1,947	1,876
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,525	2,527	2,628	2,757	3,383	3,535	5,023	6,517	7,159	7,460	7,780	7,250	7,690	7,235	7,434	7,509	7,564
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	1	0	–	–	–	0	0	0
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	0	1	1	1	1	0	0	–	–	–	0	0	0
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	1	2	2	2	1
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	2	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,283	2,198	2,253	2,508	2,716	2,819	3,806	5,050	5,551	6,067	5,720	5,042	5,230	4,640	4,340	4,684	4,698
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	5	4	9	8	11	18	16	16	20	17	16	14	13	12	14
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	122	48	54	12	11	12	16	21	25	17	15	16	16	7	9	11	8
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,158	2,147	2,194	2,492	2,695	2,799	3,779	5,011	5,510	6,033	5,684	5,008	5,197	4,618	4,317	4,660	4,675
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1
Employee trusts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1

Indus Towers promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is BHARTI AIRTEL LIMITED, 51.26%. The filing names 160 more members with no shares.Promoter buying and selling

Holder
BHARTI AIRTEL LIMITEDIndian companies, trusts and others	51.26%	1,35,22,08,904

No promoter shares are reported as pledged.

Largest public holders of Indus Towers, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Indus Towers

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	1.15%	1.45%	1.71%	2.96%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.14%	2.52%	2.52%	2.52%	2.36%	2.10%	2.10%	2.10%	1.85%	1.61%	1.61%	1.61%	1.61%	1.61%
LAZARD EMERGING MARKETS EQUITY PORTFOLIOForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	1.20%	1.20%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.46%	1.11%	–	1.24%	1.18%	–	–	–	–	–
GOVERNMENT PENSION FUND GOBALForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.05%	–	–	–	–	–	–	–
SILVERVIEW PORTFOLIO INVESTMENTS PTE. LTD.Foreign portfolio investors, category I	–	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	7.07%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	–	–	–	–	–	–	–	–	–	–	–
CANADA PENSION PLAN INVESTMENT BOARDForeign portfolio investors, category I	–	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	3.27%	2.24%	2.24%	2.24%	2.24%	2.15%	2.15%	2.17%	2.17%	2.17%	2.17%	2.18%	2.19%	2.19%	–	–	–	–	–	–	–	–	–	–	–
ARTISAN INTERNATIONAL VALUE FUNDForeign portfolio investors, category I	–	–	–	–	–	1.20%	1.77%	2.23%	2.39%	2.34%	2.33%	2.50%	2.73%	2.76%	2.76%	3.00%	2.06%	2.22%	2.29%	2.41%	2.47%	2.41%	2.51%	2.51%	2.58%	2.58%	2.69%	2.64%	1.71%	–	–	–	–	–	–	–	–	–	–	–
Capital Income BuilderInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.27%	1.94%	1.78%	1.40%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Edgepoint Global PortfolioInstitutions Foreign Portfolio Investor	–	–	–	–	–	1.25%	2.13%	2.98%	3.63%	3.63%	3.83%	3.83%	3.83%	4.10%	3.63%	3.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Edgepoint Global Growth & Income PortfolioInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	1.03%	1.55%	1.94%	2.15%	2.30%	2.30%	2.30%	2.63%	2.11%	1.77%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
New World Fund INCInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	1.48%	1.71%	1.71%	1.71%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
St. James's Place Global Equity Unit TrustInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	1.13%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
St. James Place Global Equity Unit TrustInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Virtus Vontobel Emerging Markets Opportunities FundInstitutions Foreign Portfolio Investor	–	–	–	–	1.12%	1.22%	1.20%	1.15%	1.03%	1.02%	–	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Camas Investments Pte. Ltd.Institutions Foreign Portfolio Investor	–	–	–	–	–	1.13%	1.74%	1.74%	1.63%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MATTHEWS ASIA DIVIDEND FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	1.13%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
COMPOSITE CAPITAL MASTER FUND LPInstitutions Foreign Portfolio Investor	–	–	–	–	1.37%	1.44%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MERRILL LYNCH MARKETS SINGAPORE PTE. LTDInstitutions Foreign Portfolio Investor	1.55%	1.57%	1.51%	1.59%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.