This comes after the global co-working company, once valued at $47 billion, filed for Chapter 11 bankruptcy in November last year.
WeWork India is in talks to buy back the 27% stake held by its bankrupt US parent through a secondary sale worth Rs 1,200 crore (over $140 million), The Economic Times reported on Monday, citing multiple people in the know.
The Enam group’s family office, investment fund A91 Partners and CaratLane founder Mithun Sacheti are reportedly buying out WeWork Inc.’s stake.
“The deal involved the sale of WeWork Inc's shareholding in the Indian business which is being run by the Embassy group. While most of the Rs 1,200 crore is through secondary sale of shares, there may be a primary …
Ujjaini writes for Yesterday at The Morning Context. She joins us from MEA WorldWide, where she worked as a sub-editor, and has previously worked as an editorial intern at The Wire’s LiveWire. Ujjaini published her debut novel—Manik-er Khata—in 2022.
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