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An announcement from Indus Towers Limited ( (IN:INDUSTOWER) ) is now available.
Indus Towers Limited has expanded its corporate structure by having its wholly owned subsidiary, Indus Towers FZE, incorporate a step-down wholly owned subsidiary in the United Arab Emirates named Indus Towers Management FZE. The new UAE-based entity, set up in the Dubai World Trade Centre with an initial share capital subscribed in cash, will focus on investment in commercial enterprises and management, and is expected to act as a vehicle for Indus Towers’ planned investments in African markets, initially targeting Nigeria, Uganda and Zambia, underscoring the company’s strategic move to diversify geographically and tap growth opportunities outside India.
More about Indus Towers Limited
Indus Towers Limited is a leading Indian telecom infrastructure company that provides tower and related passive infrastructure services to mobile network operators. Through its subsidiaries, the company is expanding its presence and investment footprint beyond India, with a growing focus on international markets and infrastructure-related investment and management activities.
Average Trading Volume: 224,758
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1074.2B INR
Find detailed analytics on INDUSTOWER stock on TipRanks’ Stock Analysis page.