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Set up in 2017 as a JV between the Embassy Group and the American co-working company, WeWork India will see a change in its ownership structure.

As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.
The co-working giant’s initial public offering is a missed opportunity that prioritizes promoter interests at the expense of incoming shareholders. Given this, the tepid investor interest is no surprise.
Between Awfis, WeWork India and Table Space, the country’s co-working startups have done well to avoid the narrative and valuation associated with technology companies.