Altius Telecom sponsors hold 54.36% stake as on Jun 30, 2026

2 min read     Updated on 15 Jul 2026, 04:58 PM
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Altius Telecom Infrastructure Trust disclosed its unitholding pattern as on June 30, 2026. Sponsors and their associates hold 54.36% of the total outstanding units, while public holding accounts for 45.64%. The filing was submitted to BSE pursuant to SEBI InvIT Regulations.

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Altius Telecom Infrastructure Trust disclosed its unitholding pattern as on June 30, 2026, revealing that sponsors and their associates hold a majority stake. The total outstanding units stand at 3,04,74,00,000, with the sponsor group controlling 54.36% of the total capital. The public holding constitutes the remaining 45.64% of the trust's units.

The filing was submitted to BSE Limited pursuant to Regulation 23 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. KFin Technologies Limited, acting as the Registrar to an Issue and Share Transfer Agent, issued the unitholding pattern. Data Link Investment Manager Private Limited, the Investment Manager of the trust, confirmed the submission.

Sponsor and Public Holdings

The sponsor group includes foreign entities such as BIF IV Jarvis India Pte. Ltd. and Project Holdings Nine (DIFC) Limited. A portion of the units issued to the sponsor is subject to lock-in terms under the SEBI InvIT Regulations. The trust confirmed that the sponsor has not pledged any units held by it.

Unitholding Pattern as on June 30, 2026

Category Category of Unit holder No. of Units Held As a % of Total Outstanding Units
Sponsor Group
Foreign Body Corporate BIF IV Jarvis India Pte. Ltd. 1,38,16,75,000 45.34
Foreign Body Corporate Project Holdings Nine (DIFC) Limited 27,50,00,000 9.02
Total Sponsor Holding 1,65,66,75,000 54.36
Public Holding
Institutions Mutual Funds 5,11,00,000 1.68
Institutions Financial Institutions/Banks 45,50,000 0.15
Institutions Insurance Companies 2,30,75,000 0.76
Institutions Provident/pension funds 2,23,25,000 0.73
Institutions Foreign Portfolio Investors 72,26,00,000 23.71
Institutions Foreign Body 29,78,00,000 9.77
Institutions Alternate Investment Fund 3,00,75,000 0.99
Non-Institutions Individuals 4,78,67,923 1.57
Non-Institutions NBFCs registered with RBI 2,00,000 0.01
Non-Institutions Non Resident Indians 28,25,000 0.09
Non-Institutions Body Corporate 18,83,07,077 6.18
Total Public Holding 1,39,07,25,000 45.64
Grand Total 3,04,74,00,000 100.00

The document notes that 27,50,00,000 units issued to the sponsor via a preferential issue are under lock-in as of June 30, 2026. The trust's website, www.altiusinfra.com , hosts the detailed filing.

Historical Stock Returns for Altius Telecom Infrastructure Trust

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.18%+2.20%+14.00%+16.72%+42.50%

What impact will the expiry of the lock-in period for the 27,50,00,000 sponsor units have on the trust's liquidity and share price?

How might the high concentration of Foreign Portfolio Investors (23.71%) influence the trust's volatility amid global economic shifts?

Does the current 54.36% sponsor holding suggest potential plans for further stake monetization or divestment in the near future?

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Altius Telecom Infrastructure Trust Schedules Sixth AGM on July 27, 2026; Reports Strong FY2025-26 Performance

4 min read     Updated on 30 Jun 2026, 04:30 PM
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Altius Telecom Infrastructure Trust has scheduled its Sixth AGM for July 27, 2026 via Video Conferencing, with remote e-voting open from July 23 to July 26, 2026. For FY2025-26, the Trust reported consolidated Revenue from Operations of ` 2,41,650 million and EBITDA of ` 99,471 million, with a Distribution Per Unit of ` 15.6 and Net Distributable Cash Flows of ` 47,610 million. The Trust operates 2,58,111 telecom sites with 3,15,351 tenancies across 22 circles, and the fair NAV per unit stood at ` 170.77 as at March 31, 2026, with total Assets Under Management of ` 9,71,880 million.

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Altius Telecom Infrastructure Trust (formerly known as Data Infrastructure Trust) has announced its Sixth Annual General Meeting (AGM) scheduled for Monday, July 27, 2026 at 12:00 p.m. (IST), to be conducted through Video Conferencing (VC). The notice was issued by Data Link Investment Manager Private Limited (formerly known as BIP India Infra Projects Management Services Private Limited), acting as the Investment Manager of the Trust, in compliance with the SEBI (Infrastructure Investment Trusts) Regulations, 2014 and the SEBI Master Circular dated July 11, 2025.

Sixth AGM: Key Details and Agenda

The Sixth AGM will transact the following ordinary businesses:

  • Item 1: Consideration and adoption of Audited Standalone and Consolidated Financial Statements of the Trust for the financial year ended March 31, 2026, together with the Report of the Investment Manager and Auditors thereon.
  • Item 2: Consideration and adoption of the Valuation Report dated May 11, 2026 for the assets of the Trust for the financial year ended March 31, 2026, issued by Mr. S. Sundararaman, Registered Valuer (IBBI Registration Number IBBI/RV/06/2018/10238).
  • Item 3: Appointment of Mr. S. Sundararaman, Registered Valuer (IBBI Registration Number IBBI/RV/06/2018/10238), as the Valuer of the Trust for the financial year 2026-27 and fixation of remuneration.

The AGM notice and Annual Report for FY2025-26 have been dispatched to Unitholders and debenture holders whose email addresses are registered as on Friday, June 26, 2026. The same are also available on the Trust's website at www.altiusinfra.com , on BSE Limited's website at www.bseindia.com , and on the NSDL e-voting website at www.evoting.nsdl.com .

E-Voting Schedule and Cut-Off Date

The Trust has provided electronic voting facilities through NSDL for all resolutions set out in the AGM Notice. The key dates are summarised below:

Parameter: Details
AGM Date: Monday, July 27, 2026 at 12:00 p.m. (IST)
AGM Mode: Video Conferencing (VC) / OAVM
Notice Dispatch Date: Friday, June 26, 2026
E-Voting Cut-Off Date: Friday, July 17, 2026
Remote E-Voting Start: Thursday, July 23, 2026 at 9:00 AM (IST)
Remote E-Voting End: Sunday, July 26, 2026 at 5:00 PM (IST)
Voting Results Announcement: On or before Wednesday, July 29, 2026

Mr. Jatin Prabhakar Patil (FCS - 7282 / COP - 7954), Partner, Mayekar & Associates, Practicing Company Secretaries (Firm U.I.N. - P2005MH007400), has been appointed as the Scrutinizer to oversee the voting process in a fair and transparent manner.

FY2025-26 Financial Performance

FY2025-26 marked the Trust's first full year of integrated operations following the consolidation of Summit Digitel, Crest Digitel, and Elevar Digitel under the unified Altius platform. The consolidated financial results for the year ended March 31, 2026 compared to the year ended March 31, 2025 are as follows:

Metric: FY2025-26 FY2024-25
Revenue from Operations (` Mn): 2,41,650 1,94,540
EBITDA (` Mn): 99,471 78,564
Total Income (` Mn): 2,44,261 1,96,237
Profit before Tax (` Mn): 13,209 9,238
Profit for the Year (` Mn): 11,066 8,399
Total Comprehensive Income (` Mn): 11,690 7,834
Net Distributable Cash Flows – NDCF (` Mn): 47,610 58,310
Distribution Per Unit (` ): 15.6 —
NAV per Unit at Fair Value (` ): 170.77 139.28

The increase in total consolidated income was primarily driven by the full twelve-month consolidation of Elevar's operations in FY2025-26, compared to only 201 days of Elevar's results in FY2024-25 (September 12, 2024 to March 31, 2025), alongside continued organic growth at Summit and Crest.

SPV-Wise Revenue Contribution

The Trust operates through three wholly-owned, revenue-generating Special Purpose Vehicles (SPVs). Revenue generated by each SPV during FY2025-26 is presented below:

SPV: Revenue from Operations (` Mn) Key Business
Summit Digitel Infrastructure Limited (SDIL): 1,40,634 Macro towers; 30-year MSA with RJIL as anchor tenant
Elevar Digitel Infrastructure Private Limited (EDIPL): 95,757 Multi-operator tower portfolio; first full year of contribution
Crest Digitel Private Limited (CDPL): 5,259 IBS and small-cell solutions

Operational Highlights

As at March 31, 2026, the Trust's operational metrics reflect the scale of India's largest independent telecom infrastructure platform:

Operational Parameter: As at March 31, 2026
Total Telecom Sites: 2,58,111
Total Tenancies: 3,15,351
Tenancy Ratio: ~1.2x
Weighted Average Lease Expiry (WALE): ~16 years
Telecom Circles: 22
Assets Under Management (` Mn): 9,71,880
Net Debt / AUM: 45.23%
Total Debt Book (` Bn): 448

Over 82.11% of the Trust's revenue from operations for FY2025-26 was derived from tenants carrying 'AAA' credit ratings from leading Indian rating agencies. As at March 31, 2026, 55% of total tenancies were secured under a 30-year non-cancellable Master Services Agreement, while the remaining 45% were covered under commercial agreements with locked-in tenures of up to 10 years.

Distribution Track Record

During FY2025-26, the Trust distributed 15.6 per unit, exceeding its stated DPU guidance of 15.3 per unit (as given in the investor presentation dated November 12, 2025), representing approximately 98% of NDCF returned to unitholders. Since inception, Altius has cumulatively distributed 77.6 per unit, aggregating to 214.7 billion in total distributions. The Trust's domestic credit ratings of AAA/Stable from both CRISIL and CARE underscore the strength of its credit profile.

Valuation and Net Asset Value

Pursuant to SEBI InvIT Regulations, the Trust's assets were valued as at March 31, 2026 by Registered Valuer Mr. S. Sundararaman (IBBI Registration Number IBBI/RV/06/2018/10238). The fair enterprise value of the SPVs, derived using the Discounted Cash Flow (DCF) method for Summit, Elevar, and Crest, and the Net Asset Value (NAV) method for RDIPL and CVNPL, is summarised below:

SPV: WACC Terminal Growth Rate Fair EV (` Mn)
Summit Digitel Infrastructure Limited: 8.79% 0.00% 6,50,480
Elevar Digitel Infrastructure Private Limited: 12.03% 2.50% 2,98,451
Crest Digitel Private Limited: 13.91% 2.50% 22,877
Roam Digitel Infrastructure Private Limited: NA NA (0)
Crest Virtual Network Private Limited: NA NA 72
Total: 9,71,880

The Standalone NAV per unit at fair value stood at 170.77 as at March 31, 2026, compared to 139.28 as at March 31, 2025.

Historical Stock Returns for Altius Telecom Infrastructure Trust

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.18%+2.20%+14.00%+16.72%+42.50%

How will the full-year integration of Elevar Digitel impact the Trust's future capital allocation strategies for new acquisitions?

What are the projected growth drivers for the tenancy ratio beyond the current 1.2x given the high base of 2.58 lakh sites?

Can the Trust maintain the current distribution payout ratio of approximately 98% of NDCF while pursuing expansion opportunities?

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1 Year Returns:+16.72%