Mumbai, Dec. 9 -- The company said the certificate of incorporation was issued on 8 December 2025. The newly formed entity will, inter alia, evaluate investment opportunities in African markets, beginning with Nigeria, Uganda, and Zambia, with a focus on investment in commercial enterprises and management services.

The subsidiary's initial share capital will be contributed in cash at face value, comprising 300 shares of AED 1,000 each.

Indus Towers confirmed that the new entity qualifies as a related party by virtue of being a wholly-owned subsidiary. Apart from this, the company stated that its promoters, promoter group, and group companies have no additional interest in the transaction.

Indus Towers is India's leading provider of pas...