Indus Towers has incorporated a wholly-owned subsidiary, Indus Towers FZE, in the United Arab Emirates (UAE) on December 8, 2025. The subsidiary’s initial share capital consists of 300 shares valued at AED 1,000 each. This strategic move aims to explore investment opportunities in African markets, starting with Nigeria, Uganda, and Zambia, as part of the company’s growth strategy.
New Subsidiary Established
Indus Towers has expanded its global footprint by incorporating a wholly-owned subsidiary (WOS) named Indus Towers FZE in the United Arab Emirates (UAE). The incorporation was finalized on December 8, 2025.
Subsidiary Details
The newly formed subsidiary has a share capital of 300 shares, each with a face value of AED 1,000. Indus Towers FZE will operate primarily in the commercial enterprises and management sector. The initial share capital contribution will be made in cash at face value. The subsidiary’s ownership is 100% by Indus Towers.
Strategic Objectives
The primary objective of establishing Indus Towers FZE is to explore investment opportunities in African markets. Initially, the focus will be on Nigeria, Uganda, and Zambia, with potential expansion into other regions as the company identifies suitable ventures.
Incorporation Details
Indus Towers FZE was officially incorporated in the Dubai World Trade Centre on December 8, 2025. The company’s incorporation country is the United Arab Emirates. This move will allow Indus Towers to strategically position itself to tap into new markets and diversify its investment portfolio.
Source: BSE