Indus Towers has announced the incorporation of a Wholly Owned Subsidiary (WOS) in Gujarat International Finance Tec-City (GIFT City), Gujarat, India. The WOS will function as an investment holding company for Indus Towers’ overseas subsidiaries. It will also handle treasury functions and other related activities under the IFSC framework. An initial investment of up to ₹20,00,00,000 will be made in the WOS.
Subsidiary Incorporation
Indus Towers officially announced the establishment of a new Wholly Owned Subsidiary (WOS) located in Gujarat International Finance Tec-City (GIFT City), Gujarat, India. The decision to incorporate the subsidiary was approved during a Committee of Directors meeting held on January 22, 2026.
Purpose and Function
The primary function of the new WOS will be to act as an investment holding company, managing Indus Towers’ various overseas subsidiaries. Additionally, the subsidiary will be involved in handling treasury functions and engaging in other permitted activities under the International Financial Services Centre (IFSC) framework.
Investment Details
Indus Towers plans to invest up to ₹20,00,00,000 (Rupees Twenty Crores Only) in the newly formed WOS. This investment will be allocated towards subscribing to the share capital in one or more tranches, supporting the subsidiary’s operational setup and strategic initiatives.
Looking Ahead
The incorporation of this WOS is a strategic move by Indus Towers to streamline its overseas investments and centralize treasury operations. This initiative is expected to enhance the company’s financial efficiency and provide a more robust framework for managing its international assets.
Source: BSE
