Home / Business / Business News / Article / WeWork Global offloads 2.5 per cent in WeWork India Management for Rs 244 crore

WeWork Global offloads 2.5 per cent in WeWork India Management for Rs 244 crore

According to the block deal data on the BSE, WeWork Global through its affiliate, 1 Ariel Way Tenant, offloaded 35 lakh equity shares in five tranches, representing a 2.52 per cent stake in WeWork India Management. After the latest transaction, 1 Ariel Way Tenant holding in WeWork India Management declined to 12.3 per cent from 14.82 per cent

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Representational Image. File pic.

Representational Image. File pic.

WeWork Global on Friday divested a 2.5 per cent stake in flexible workspace operator WeWork India Management for Rs 244 crore through open market transactions.

According to the block deal data on the BSE, WeWork Global through its affiliate, 1 Ariel Way Tenant Ltd, offloaded 35 lakh equity shares in five tranches, representing a 2.52 per cent stake in WeWork India Management.

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