Indus Towers expands into Africa, reappoints independent director

Indus Towers Limited announced its Board of Directors approved the incorporation of a wholly owned subsidiary in the United Arab Emirates. This new entity will focus on investments in African markets, specifically Nigeria, Uganda, and Zambia. Indus Towers plans an initial investment of up to INR 200 Mn into the subsidiary.

In a separate announcement, Indus Towers confirmed the re-appointment of Sharad Bhansali as a non-executive independent director for a second consecutive five-year term, effective November 19, 2025, until November 18, 2030. This re-appointment is subject to shareholder approval. Bhansali, a law graduate and former Indian Revenue Service member, brings extensive experience in international trade law and corporate matters.

Both decisions were made during a board meeting on October 10, 2025. These moves align with Indus Towers' broader strategy for international market expansion, as previously intimated on September 2, 2025, and reinforce its commitment to leadership.