WeWork India Gets SEBI Nod For IPO

WeWork India IPO: Embassy Group, Affiliate to Offload Entire Stake via OFS

With parent Embassy Buildon and affiliate 1 Ariel Way Tenant selling stakes, WeWork India gears up to join… The post WeWork India IPO: Embassy Group, Affiliate to Offload Entire Stake via OFS appeared first on IMP.NEWS.

WeWork India gets SEBI nod for IPO; Embassy to sell stake via OFS | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

A week after the regulator removed its draft IPO papers from abeyance, WeWork India Management received approval for its public listing. The regulator granted the IPO clearance more than three months after initially pausing the process. In late March, the Securities and Exchange Board of India had temporarily placed the draft documents in abeyance without providing a specific reason. At the time, the regulator noted that the “issuance of observa…

WeWork India Gets SEBI Nod For IPO

Coworking space giant WeWork India Management has secured approval from the capital markets regulator SEBI to launch its market debut. WeWork’s initial public offering (IPO) will comprise solely an offer-for-sale (OFS) component of up to 4.4 Cr equity shares. Out of these, the company’s parent entity Embassy Buildon LLP will offload 3.3 Cr shares and the rest of the equity shares will be diluted by WeWork’s affiliate 1 Ariel Way Tenant Limited. …