Indus Towers establishes new UAE subsidiaries for African market expansion

Indus Towers Limited, through its wholly-owned subsidiary Indus Towers FZE, has incorporated two new step-down wholly-owned subsidiaries in the United Arab Emirates: Indus Towers Investment FZE and Indus Towers Ventures FZE. Both entities were incorporated on December 18, 2025, and each has a share capital of AED 300,000 (300 shares of AED 1,000 each). These incorporations aim to facilitate investments in commercial enterprises and management, with a specific focus on African markets, starting with Nigeria, Uganda, and Zambia.

The new subsidiaries are related parties to Indus Towers Limited as step-down wholly-owned entities. The contribution to their initial share capital will be made in cash at face value, with Indus Towers FZE acquiring 100% of the shares in both. As of their incorporation date, both Indus Towers Investment FZE and Indus Towers Ventures FZE have yet to commence business operations or generate turnover.