Exclusive: WeWork Inc to sell entire stake in India unit
by ETtech.com
ETtech.com— US office sharing company WeWork is selling its 27% stake in the India unit via a secondary deal. We have this evening scoop and more in today’s ETtech Top 5.Also in this letter:■ Flipkart’s q-comm head ■ Piyush Gupta quits Peak XV■ Time sought to study digital competition lawExclusive: WeWork Inc to sell 27% stake held in India unit via secondary deal: sources 109505582Nearly seven years after coworking major WeWork US entered India through a joint venture with the Embassy...
ETtech.com—WeWork to sell 27% stake in India unit via Rs 1,200 crore secondary deal. US office-sharing company WeWork Inc. is set to exit the Indian operations by selling its entire 27% stake in the local unit through a secondary transaction, said multiple people in the know.The estimated Rs 1,200 crore deal will also see Bengaluru-based property developer Embassy group pare its holding from 73% to 60%, said the people cited above.The combined stakes of WeWork Inc. and Embassy group totalling 40% in the Indian unit will be acquired by new investors comprising the Enam group...
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