Both the companies — ANG Auto and TowerWorx USA — would have 50 per cent stake in the JV.
The JV would bring substantial technological benefit to the mobile telecom companies in terms of multiple carrier capability and rapid deployment capability of the towers, the filing added.
TowerWorx is one of the largest mobile tower producer in the US having a large consumer base across the globe, including AT&T, T Mobile and Verizon.
Shares of the company were trading at Rs 54.85, up 0.37 per cent on the BSE.