Indus Towers Limited has announced the incorporation of two step-down wholly-owned subsidiaries in the United Arab Emirates (UAE). The new entities, Indus Towers Investment FZE and Indus Towers Ventures FZE, were established on December 18, 2025, through its wholly-owned subsidiary, Indus Towers FZE. This move allows Indus Towers to explore investment opportunities in African markets, beginning with Nigeria, Uganda, and Zambia.
UAE Subsidiary Incorporation
Indus Towers Limited has expanded its corporate structure with the creation of two new step-down wholly-owned subsidiaries in the UAE. According to the official announcement, Indus Towers Investment FZE and Indus Towers Ventures FZE were officially incorporated on December 18, 2025, via its direct subsidiary, Indus Towers FZE.
Subsidiary Details
Both new entities, Indus Towers Investment FZE and Indus Towers Ventures FZE, have a share capital of 300 shares priced at AED 1,000 each. They are wholly-owned step-down subsidiaries of Indus Towers Limited.
Strategic Rationale
The incorporation of these subsidiaries is intended to support Indus Towers in evaluating potential investment opportunities in African markets. Initial activities will focus on opportunities in Nigeria, Uganda, and Zambia.
Source: BSE
