Indus Towers Establishes WOS in GIFT City for Global Investment & Treasury

Indus Towers forms a wholly-owned subsidiary in GIFT City, Gujarat, for overseas investments and treasury functions, leveraging IFSC tax benefits. Initial Rs 20 crore investment aims to support group entities, aligning with growth and Vodafone Idea's improved outlook.

According to a regulatory declaring Thursday, the business claimed the completely had subsidiary (WOS) will certainly serve as an investment holding company for Indus Towers’ abroad subsidiaries while also taking care of treasury features such as cash merging and related tasks allowed under present City’s IFSC structure. These operations will certainly sustain the moms and dad and team entities, tapping tax obligation rewards and worldwide finance ease in the hub, it claimed.

Strategic Context & Growth Prospects

This comes as Indus Towers is poised for positive growth and boosted cash flow as Vodafone Concept, a famous client for the firm, currently encounters lower survival risk complying with federal government AGR relief procedures.

Indus prepares a preliminary money investment of up to Rs 20 crore in several tranches for 100% possession, without any share swap or various other types entailed. As a new entity, it certifies as an associated party transaction at “arm’s size,” or reasonable market rates, with marketers and group firms holding no extra rate of interests.

Indus Towers, India’s leading telecom tower company, is establishing a wholly possessed subsidiary in GIFT City, Gujarat. This brand-new entity will certainly work as an investment holding business for its abroad operations and manage treasury functions, leveraging the IFSC framework’s tax obligation benefits and financial ease. The relocation aims to support group entities and is expected to be finished after regulative approvals.