Indus Towers Limited has announced the incorporation of a new step-down wholly owned subsidiary in the United Arab Emirates (UAE). The subsidiary, named Indus Towers Management FZE, was established on December 19, 2025. This move will allow Indus Towers to explore investment opportunities, particularly in African markets. The initial share capital is 300 shares at AED 1,000 each.
Subsidiary Incorporation
Indus Towers Limited has expanded its operational footprint by establishing a new step-down wholly owned subsidiary in the UAE. The new entity, named Indus Towers Management FZE, aims to facilitate investment and management activities in new regions.
Key Details of Indus Towers Management FZE
Name: Indus Towers Management FZE
Share Capital: 300 shares of AED 1,000 each
Date of Incorporation: December 19, 2025
Strategic Objectives
The newly incorporated subsidiary will focus on commercial enterprises and management. It intends to explore investment opportunities in African markets, starting with Nigeria, Uganda, and Zambia.
Ownership and Control
Indus Towers Management FZE is a 100% owned subsidiary of Indus Towers FZE, making it a step-down wholly owned subsidiary of Indus Towers Limited.
Source: BSE