Indus Towers Limited has successfully incorporated a new wholly owned subsidiary, Indus Towers Global Ventures IFSC Limited, in the Gujarat International Finance Tec-City (GIFT City). The new entity, established on April 28, 2026, will operate as an investment holding company. The move aims to facilitate treasury functions and support the company’s broader international investment strategy under the established IFSC framework.
Strategic Expansion in GIFT City
Indus Towers Limited has formally announced the incorporation of its new wholly owned subsidiary, Indus Towers Global Ventures IFSC Limited. The entity was officially registered in the International Financial Services Centre (IFSC) at GIFT City, Gujarat, on April 28, 2026.
Business Objectives and Structure
The new subsidiary is set to serve as an investment holding company for the parent organization’s overseas operations. Beyond its core function as a holding company, it is mandated to manage treasury functions and undertake other activities permitted within the regulatory framework of the IFSC, aimed at streamlining operations for the company and its global subsidiaries.
Investment Details
The establishment of this subsidiary involved an initial capital infusion of ₹2,00,00,000. This was achieved through the acquisition of 2,000,000 equity shares, each priced at ₹10. As a wholly owned subsidiary, Indus Towers Limited maintains 100% control over the newly formed entity. The subsidiary is currently in its initial phase and has yet to commence commercial business operations.
Source: BSE
