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An update from Indus Towers Limited ( (IN:INDUSTOWER) ) is now available.
Indus Towers Limited has expanded its international corporate structure by creating two step-down wholly owned subsidiaries in the United Arab Emirates, Indus Towers Investment FZE and Indus Towers Ventures FZE, under its existing UAE subsidiary Indus Towers FZE. Both new entities, incorporated at the Dubai World Trade Centre with identical initial share capital, are positioned as vehicles for investment in commercial enterprises and management, with a stated intent to evaluate and channel investments into African markets, starting with Nigeria, Uganda and Zambia, potentially marking a strategic geographic diversification of Indus Towers’ growth and capital deployment beyond its core Indian operations.
More about Indus Towers Limited
Indus Towers Limited is a leading Indian telecommunications infrastructure company that provides shared tower and related passive infrastructure services to mobile network operators. The company focuses on expanding and managing telecom tower assets to support wireless connectivity across key markets, and increasingly explores international opportunities for infrastructure-linked investments.
Average Trading Volume: 225,712
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1077.2B INR
Learn more about INDUSTOWER stock on TipRanks’ Stock Analysis page.