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Post the acquisition, the Bengaluru-based property developer will own 100% of WeWork India. Of the total, Embassy will sell 40% stake to Enam Group, A91 Partners, CaratLane founder Mithun Sacheti, and others for ₹1,200 crore, said the people cited above.
The company, however, is waiting for CCI's approval before it can proceed with its fundraising plans, sources said.
Enam groups family office, A91 Partners, CaratLanes Mithun Sacheti have acquired secondary shares in WeWork India through the transaction, said people in the know of the matter. There may be a portion of primary capital being pumped into WeWork India at a later date, said sources.
A consumer investment firm of Rakesh Kapoor, the former global chief executive officer of Reckitt Benckiser, has made its maiden investment in India -- a ......
Happy Monday! Homegrown investment fund A91 Partners is once again upping the size of its latest India-dedicated fund, per sources in the know. Details of this and more in todays super packed ETtech Morning Dispatch.