WeWork Inc Sells 2.5% Stake In WeWork India For ₹244 Cr

by · Inc42

SUMMARY

  • As per BSE data, WeWork Inc sold 35 Lakh shares, or 2.5% stake, of the India-based coworking giant at ₹697.55 apiece to rake in the amount
  • The bulk deal comes as WeWork Inc looks to book profits amid a sharp uptick in WeWork India’s share prices, which have zoomed more than 43.3% in the past three months
  • The shares that flooded the market were lapped up by Motilal Oswal, Citigroup, HDFC Standard Life Insurance Company and ICICI Prudential MF