Stock market today, Feb. 4 -- Indus Towers shares gained over 2% in morning trade on Tuesday, February 4, after the company informed exchanges that it acquired a 26% stake in Amplus Tungabhadra Private Limited, a special purpose vehicle (SPV), for Rs.27 crore.

"We wish to inform you that the Company has entered into an agreement for the acquisition of 26% of the equity share capital, on a fully diluted basis, in Amplus Tungabhadra Private Limited, a special purpose vehicle ('SPV'), for the purpose of owning and operating a Captive Power Plant, in accordance with the regulatory requirement for captive power consumption under electricity laws," the company said in an exchange filing today.

The company will consume 50 MW of renewable energ...