WeWork India gets Sebi nod for IPO; Embassy to sell stake

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WeWork India Management, the country’s largest premium flexible workspace operator by revenue, has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering.

The IPO will be entirely an offer for sale (OFS) of up to 43.75 million equity shares, according to the draft red herring prospectus. Embassy Buildcon LLP, the promoter, plans to offload up to 33.46 million shares, while investor 1 Ariel Way Tenant will sell up to 10.29 million shares.

JM Financial, ICICI Securities, Jefferies India, Kotak…



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WeWork India gets Sebi nod for IPO; Embassy to sell stake



WeWork India Management, the country’s largest premium flexible workspace operator by revenue, has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering.

The IPO will be entirely an offer for sale (OFS) of up to 43.75 million equity shares, according to the draft red herring prospectus. Embassy Buildcon LLP, the promoter, plans to offload up to 33.46 million shares, while investor 1 Ariel Way Tenant will sell up to 10.29 million shares.

JM Financial, ICICI Securities, Jefferies India, Kotak…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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