Indus Towers Limited announced today, January 22, 2026, that its Committee of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in Gujarat International Finance Tec-City (GIFT City), Gujarat, India. The proposed WOS will primarily function as an investment holding company for the Company’s overseas subsidiaries. Additionally, the new entity will undertake treasury functions and other related activities permitted under the International Financial Services Centre (IFSC) framework for Indus Towers and its subsidiaries. The incorporation is subject to approvals from the Ministry of Corporate Affairs (MCA) and other relevant statutory and regulatory authorities. Indus Towers Limited will be the holding company, and the proposed entity will be a related party. All transactions with the WOS will be conducted on an arm's length basis. The company plans an initial investment of up to ₹20,00,00,000 (Rupees Twenty Crores Only) in the proposed WOS. The Board Meeting where this decision was made commenced at 12:45 p.m. (IST) and concluded at 1:30 p.m. (IST) on January 22, 2026.
