WeWork India Gets IPO Approval

  Published 1 year ago

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.

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