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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.
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.
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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 todays ETtech Top 5.
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.