New Delhi, July 31 -- Bharti Airtel's telecom tower arm Indus Towers on Thursday said that it has put on hold any immediate plans to distribute cash to shareholders. The company is keen to conserve cash amid financial stability concerns surrounding its major customer Vodafone Idea, even as it is looking at a higher capital expenditure cycle, and evaluating potential inorganic growth opportunities.

"The board believes that this is the best interest of the company: strengthening its financial resilience and enabling it to respond effectively to any emerging opportunities and or risks, ensuring the security of its long-term business interest," Prachur Sah, managing director and chief executive officer of Indus Towers, said in a post earning...