Indus Towers , India's leading provider of passive telecom infrastructure, has recently made headlines with a significant block trade and ambitious international expansion plans.

Block Trade Details

Indus Towers executed a block trade worth Rs. 64.02 crores on the National Stock Exchange (NSE). The transaction involved approximately 2,012,804 shares changing hands at a price of Rs. 318.05 per share. This substantial trade has drawn attention to the company's stock movement and potential market interest.

International Expansion

In a recent development, Indus Towers has announced its foray into international markets, marking a significant milestone in the company's growth strategy. The Board of Directors, in a meeting held on September 2, approved the company's expansion into African markets, initially targeting Nigeria, Uganda, and Zambia.

Strategic Growth Opportunities

The company sees attractive prospects for revenue diversification, operational scalability, and long-term value creation in these emerging markets. Indus Towers plans to leverage its strong financial position and existing relationship with Bharti Airtel to establish a competitive presence in these regions.

Prachur Sah, Managing Director & CEO of Indus Towers, commented on the expansion, stating, "The Board's approval to enter international markets in Africa unlocks our vision for long-term sustainable growth and value creation for our shareholders. By leveraging our expertise in delivering innovative and cost-effective solutions, we are well-positioned to differentiate ourselves in Africa's fast-growing telecom market and emerge as the preferred tower company."

Future Outlook

Indus Towers will continue to evaluate expansion opportunities in other African markets where Airtel has an established presence. This strategic direction aligns with the Indian government's vision of encouraging domestic enterprises to expand globally and evolve into multinational entities.

Company Profile

Indus Towers Limited is a prominent player in India's telecom infrastructure sector, deploying, owning, and managing telecom towers and communication structures for various mobile operators. With a portfolio of 251,773 telecom towers, the company has a presence in all 22 telecom circles in India, catering to all wireless telecommunication service providers in the country.

As Indus Towers embarks on this international expansion while executing significant trades in the domestic market, investors and industry observers will be keenly watching the company's next moves in both the Indian and African telecom infrastructure landscapes.

Indus Towers Limited has strengthened its African expansion strategy by incorporating a new wholly owned subsidiary in the United Arab Emirates. The company disclosed that Indus Towers Management FZE was incorporated on December 19, 2025, through its existing wholly owned subsidiary, Indus Towers FZE.

Latest Subsidiary Formation

The newly incorporated entity will serve as an investment vehicle for the company's expansion into African markets, specifically targeting Nigeria, Uganda, and Zambia. The subsidiary has been established in the Dubai World Trade Centre with a structured share capital arrangement.

African Market Investment Strategy

This development builds upon Indus Towers' previously announced plans to expand into three African countries. The Board of Directors had earlier approved this strategic move, which leverages the company's existing partnership with Bharti Airtel in Africa. The UAE subsidiary will facilitate investments and operations in Nigeria, Uganda, and Zambia, providing a strong foundation for establishing presence in these promising markets.

Regulatory Compliance and Structure

The incorporation follows all necessary regulatory requirements under SEBI regulations. The company has made the required disclosures under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The entity is classified as a step-down wholly owned subsidiary and is considered a related party to Indus Towers Limited. The contribution to initial share capital will be made in cash at face value.

Strategic Positioning for Growth

As India's largest provider of passive telecom infrastructure with 251,773 telecom towers across all 22 telecom circles, Indus Towers is well-positioned to replicate its domestic success in African markets. The company's expansion aligns with the Indian government's vision of encouraging domestic enterprises to evolve into multinational entities, enhancing India's global economic footprint.

This strategic move represents a concrete step towards materializing Indus Towers' international growth ambitions, with the UAE subsidiary serving as the operational foundation for its African market entry.