India’s regulator clears WeWork India’s IPO, offering 43.3 million shares held by Embassy Group and 1 Ariel Way Tenant.

• No fresh shares will be issued; the company has not disclosed a fundraising target from the IPO.
• WeWork India is controlled by Embassy Group’s Jitu Virwani and his son Karan Virwani, its current CEO.
• IPO filing follows February submission; proceeds to benefit current shareholders without diluting company equity.