Indus towers Limited has announced the incorporation of a new step-down subsidiary in Uganda, marking its continued expansion in the African telecommunications infrastructure market. The company disclosed this development to the stock exchanges on January 20, 2026, in compliance with SEBI listing regulations.

Subsidiary Incorporation Details

The new subsidiary, Indus Infra Uganda Limited, was incorporated on January 20, 2026, through Indus Towers Ventures FZE, which is a step-down wholly owned subsidiary of Indus Towers Limited. The incorporation follows the issuance of the Certificate of Incorporation by Ugandan authorities.

Business Objectives and Operations

The newly incorporated entity will operate in the telecom infrastructure sector, focusing on comprehensive telecommunications infrastructure services. The company's primary business objectives include:

• Establishing, erecting, and installing telecommunication towers and masts
• Operating and maintaining telecommunication infrastructure
• Managing poles, antennas, and related wireless communication equipment
• Supporting broadcasting and wireless communication purposes

The subsidiary is positioned to serve the growing telecommunications infrastructure needs in Uganda's expanding digital connectivity market.

Financial and Regulatory Framework

As a step-down subsidiary, Indus Infra Uganda Limited constitutes a related party transaction for Indus Towers Limited. However, the company has confirmed that promoters, promoter groups, and group companies have no additional interest in this transaction beyond the corporate structure.

Strategic Implications

The incorporation of this subsidiary represents Indus Towers' strategic expansion into the Ugandan telecommunications infrastructure market. The entity will complement the company's existing operations by providing localized telecommunications infrastructure services in Uganda. The subsidiary structure enables the company to operate efficiently within the local regulatory framework while maintaining operational control through its step-down subsidiary arrangement.

The new entity is expected to contribute to Uganda's telecommunications infrastructure development, supporting the country's digital transformation initiatives and improving connectivity across the region.

Indus Towers Limited witnessed significant trading activity with a major block trade executed on the National Stock Exchange (NSE). The transaction represents substantial institutional investor movement in the telecom infrastructure company's shares.

Block Trade Details

The block trade executed on NSE involved considerable volume and value, demonstrating active institutional participation in Indus Towers' stock.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted through special trading mechanisms designed to handle substantial volumes without causing significant price disruption in the regular market.

The transaction price of ₹430.65 per share reflects the negotiated rate between the participating parties in this block deal. Such trades often indicate portfolio restructuring activities, strategic investments, or divestment decisions by large institutional holders.

About the Transaction

The ₹66.66 crore transaction value represents a significant single-day trading activity for Indus Towers shares. Block deals are pre-negotiated transactions where both buyers and sellers agree on price and quantity before execution, providing an efficient mechanism for large-volume trades.

This trading activity highlights continued institutional interest in India's telecom infrastructure sector, with Indus Towers being a key player in providing tower and infrastructure services to telecom operators across the country.