WeWork India's franchisee has filed for an initial public offering (IPO) in Mumbai. The offering will include the sale of 33 million equity shares by Embassy Group and 10.3 million equity shares by 1 Ariel Way Tenant, without issuing new shares. As a result, WeWork India not receive any proceeds...
WeWork to Take Majority Control of India Affiliate for $1.9 Billion
New York-based WeWork plans to take majority control of its India affiliate, in a deal that will allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. WeWork India is a brand franchisee controlled by real estate billionaire...