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.

Indus Towers Limited has expanded its international footprint with the incorporation of two new step-down subsidiaries in Africa. The telecom infrastructure company announced on January 16, 2026, that it has established operations in Nigeria and Zambia through certificates of incorporation issued on January 15, 2026.

New African Subsidiaries

The company has incorporated two new entities through its existing step-down wholly owned subsidiaries. Indus Towers Management FZE incorporated Indus Towers Nigeria Limited, while Indus Towers Investment FZE established Indus Towers Infra Zambia Limited.

Business Objectives and Operations

Both subsidiaries will operate in the telecom infrastructure sector, focusing on comprehensive telecommunication services. The primary business objectives include:

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

Corporate Structure and Compliance

The incorporation represents a related party transaction as both entities are step-down subsidiaries of Indus Towers Limited. The company confirmed that promoters, promoter groups, and group companies have no additional interest in these transactions beyond the existing corporate structure.

Strategic Expansion

This expansion into Nigeria and Zambia represents Indus Towers' strategic entry into African markets. Both countries offer significant opportunities in the telecommunications infrastructure sector, with growing demand for mobile and wireless communication services. The subsidiaries will contribute to the company's international presence while leveraging its expertise in telecom infrastructure development and management.

The company disclosed this information in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency for stakeholders regarding this corporate development.