Introduction

Leading telecommunications infrastructure company has incorporated two wholly owned subsidiaries in the UAE to explore investment opportunities in African markets, including Nigeria, Uganda, and Zambia, with initial share capital in cash.

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Share price movement of Indus Towers

On December 19, 2025, Indus Towers Ltd (INDUSTOWER) opened at ₹409.55, up 0.22% from its previous close of ₹408.65. The stock reached a high of ₹413.55 (1.21%) and a low of ₹408.40. By 10:21 AM, it traded at ₹410.30, a 0.40% increase, with a market cap of ₹1,08,243.82 crore.

Indus Towers Forms Two UAE Subsidiaries

Indus Towers Limited has incorporated two wholly owned subsidiaries in the UAE, namely Indus Towers Investment FZE and Indus Towers Ventures FZE. Certificates of Incorporation were issued on December 18, 2025.

Both subsidiaries have an initial share capital of 300 shares of AED 1,000 each. They are step-down wholly owned subsidiaries and are considered related parties of Indus Towers Limited.

The new entities will explore investments in African markets, starting with Nigeria, Uganda, and Zambia. Business operations have not yet commenced, and contributions to share capital will be made in cash.

Stock performance of Indus Towers for Period of 1 week, 6 months, and 1 year

Indus Towers Ltd delivered a -1.55% return over the past week. The stock gained 1.10% in the past six months and rose 18.0% over the past year.

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Shareholding pattern of Indus Towers

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	51.00%	50.00%	50.00%
FII	26.20%	27.50%	26.40%
DII	18.20%	18.20%	18.40%
Public	4.50%	4.30%	5.10%
Others	0.10%	0.10%	0.10%

About Indus Towers

Indus Towers Ltd (NSE: INDUSTOWER) is a leading telecom tower company in India, providing tower infrastructure and co-location services to wireless operators under long-term contracts, operating one of the largest tower networks nationwide.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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