Indus Towers to set up subsidiary in GIFT city
Mumbai: Indus Towers Ltd, India’s top telecom tower firm, announced incorporating a wholly owned subsidiary in GIFT City, Gujarat, that will serve as an investment holding company for its overseas subsidiaries.
As per a regulatory filing Thursday, the company said the wholly owned subsidiary (WOS) will serve as an investment holding company for Indus Towers’ overseas subsidiaries while also managing treasury functions such as cash pooling and related activities allowed under GIFT City’s IFSC framework.
