WeWork Contemplates Selling 27 Percent Stake in the Indian Arm for INR 1,200 Cr

Your First Startup23 Apr, 2024Business

WeWork India, a leading coworking company, is contemplating selling a 27% stake held by the US-based parent company's founder Adam Neumann in its Indian arm. Enam Group's family office as well as Mithun Sacheti and A91 Partners have started preparing to acquire the stake held by WeWork for INR 1,200 crore, as per the Economic Times report. According to sources, the stake offloading process involves selling existing shares. However, the scope remains for a primary component. Embassy Group, which owns a 73% stake in WeWork India, will oversee the share transfer process. However, the company is looking for clearance from the Competition Commission of India (CCI).

Recent Profiles

903bet

903bet

View Profile

Mushroom Edibles

Mushroom Edibles

View Profile

Hình Xăm VIP

Hình Xăm Vip

View Profile

Endodontist Mission Viejo

Endodontist Mission Viejo

View Profile

Beasley Bush

Beasley Bush

View Profile

Poker For Beginners

Poker For Beginners

View Profile

Gissel Holt

Gissel Holt

View Profile

Hayes Lindgreen

Hayes Lindgreen

View Profile