Indus Towers announced plans to incorporate a Wholly Owned Subsidiary (WOS) in the United Arab Emirates (UAE). The board approved the incorporation on October 10, 2025. The new entity will explore investment opportunities in African markets, starting with Nigeria, Uganda, and Zambia. The company plans to invest up to INR 200 Mn in the proposed WOS.
UAE Subsidiary Approved
On October 10, 2025, the Board of Directors of Indus Towers approved the incorporation of a Wholly Owned Subsidiary (WOS) in the United Arab Emirates (UAE).
African Market Expansion
The new entity will primarily focus on exploring investment opportunities in African markets. Initial targets include Nigeria, Uganda, and Zambia.
Investment Details
Indus Towers plans to invest up to INR 200 Mn in the proposed WOS through subscription of share capital in one or more tranches. The subsidiary is planned to be a 100% owned entity.
Source: BSE