Indus Towers Ltd has informed that its Committee of Directors, at a meeting held on January 22, 2026, has approved the incorporation of a Wholly Owned Subsidiary (WOS) in Gujarat International Finance Tec-City (GIFT City), Gujarat.

The proposed WOS will, inter alia, function as an investment holding company for Indus Towers’ overseas subsidiaries and will also undertake treasury functions and other related activities as permitted under the International Financial Services Centre (IFSC) framework for the company and its subsidiaries.

The name of the subsidiary will be finalised subject to approvals from the relevant authorities. Indus Towers Limited will be the holding company, with 100% shareholding and control, as the entity will be incorporated as a wholly owned subsidiary.

Upon incorporation, the WOS will be considered a related party to the company; however, Indus Towers clarified that, apart from this, the promoter, promoter group and group companies have no interest in the transaction. Any transactions with the WOS will be conducted on an arm’s length basis.

The incorporation of the subsidiary is subject to approvals from the Ministry of Corporate Affairs (MCA) and other applicable statutory or regulatory authorities. The company proposes to make an initial investment of up to Rs 20 crore towards subscription of share capital in one or more tranches, through cash consideration.

Further details, including operational and financial information, will be disclosed once the subsidiary is incorporated and necessary approvals are received.