The Competition Commission of India (CCI) has approved a significant restructuring deal involving WeWork India. The deal includes a consortium led by Enam's family office, Volrado, acquiring a stake in WeWork India, and the Embassy Group buying out WeWork Global's 27% stake. Additionally, the CCI has cleared WeWork Inc to sell its entire 27.5% ownership in its Indian unit. The Embassy Group and WeWork Inc will together sell about 40% stake in the local coworking unit. The approval, under case number C-2024/03/1120, also includes the acquisition of certain share capital of WeWork India Management Private Limited by Real Trustee Advisory Company Private Limited and other independent co-acquirers.
The Competition Commission of India (CCI) has cleared WeWork Inc to sell its entire 27.5% ownership in its Indian unit. More details here 👇 https://t.co/Ckojuh5XQV #WeWork #CCI | @WeWork
WeWork Inc gets CCI nod to exit Indian co-working space business By @Goenka_Tushar1 https://t.co/koxqWhpsMe via @moneycontrolcom
🚨 CCI approves WeWork Inc's exit from India unit WeWork Inc and WeWork India’s parent, Embassy group, will together sell about 40% stake in the local coworking unit. https://t.co/URQmUrqEtK
#CCI approves #Godrej family #settlement proposals https://t.co/KxbYXDakb3
🚨 Anti-trust regulator CCI has approved the WeWork India deal The deal involves a consortium led by Enam's family office (Volrado) buying a stake in WeWork India And Embassy Group will buy out WeWork Global's 27% stake, as @thearc_hq reported https://t.co/tI6wh7XxpW https://t.co/Gh0l4XLCPj
C-2024/03/1120 Commission approves acquisition of (i) certain share capital of WeWork India Management Private Limited by Real Trustee Advisory Company Private Limited & other independent co-acquirers; &(ii) 100% share capital of 1 Ariel Way Tenant Limited by Embassy Buildcon LLP https://t.co/MhcZXsTxh9