WeWork Inc.’s plan to exit its Indian unit through a secondary stake sale has fallen apart, just as the coworking sector begins to show signs of recovery. This development highlights the ongoing challenges faced by WeWork following its bankruptcy.
The deal involved WeWork Inc. selling its entire 27% stake in WeWork India, while the Embassy Group aimed to divest an additional 13% to a consortium…
Introduction:
Coca-Cola India’s bottling arm, Hindustan Coca-Cola Beverages (HCCB), is gearing up for a significant transformation as it prepares for an Initial Public Offering (IPO). In a strategic move to capitalize on its growth trajectory and attract prominent investors, Coca-Cola is exploring the sale of a substantial stake in HCCB. This development has drawn interest from notable business…
IndiGo Co-Founder Rakesh Gangwal to Sell 3.8% Stake for Rs 7,100 Crore
Rakesh Gangwal, co-founder of India’s largest airline IndiGo, is poised to reduce his stake in the company further, with plans to divest approximately 3.8% of his holdings in InterGlobe Aviation, the parent company of IndiGo. This strategic move is valued at around Rs 7,100 crore ($8.5 billion) and is part of Gangwal’s…
In a significant financial maneuver, Nexus Venture Partners has sold a 1.06% stake in Delhivery, one of India’s leading logistics and supply chain firms, for INR 344.06 crore. The transaction was executed through an open market deal on the National Stock Exchange (NSE) on Wednesday.
Details of the Transaction
Nexus Ventures Partners, through its affiliate Nexus Ventures III, offloaded more than…
