Awfis Space Block Deal: Bisque, Link Investment, Peak XV may sell 12.2% stake for ₹583.4 crore – CNBC TV18
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The sale, which is valued at ₹583.4 crore, will see the shares priced at ₹680 apiece, a 5.2% discount to the last closing price on the National Stock Exchange (NSE), sources in the know told CNBC-TV18. The deal comes with a 90-day lock-in period.
Peak XV holds a 22.86% stake in Awfis, while Bisque and Link Investment Trust own 23.47% and 0.36% stake, respectively, in the company. Awfis provides flexible workspace solutions, ranging from individual flexible desk needs to customised office spaces for corporates.
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Last month, Awfis Space Solutions announced a major partnership with the National Stock Exchange (NSE) for the design, build, and management of over 1.65 lakh square feet of office space at Adani Inspire, located in Mumbai’s Bandra-Kurla Complex (BKC).
This agreement covers two floors in one of the city’s prime commercial hubs. The BKC area is connected to the Aqua Line of the metro and the Bandra suburban station and is a preferred business destination in Mumbai, the company said.
With the addition of this new mandate, the company expands its footprint in the building, where it already operates a coworking centre, Awfis said. The deal was facilitated by Rounak Real Estate Consultants, an advisory firm with expertise across prime residential, commercial, and industrial spaces.
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Shares of Awfis Space Solutions Ltd ended at ₹717.50, down by ₹0.50, or 0.070%, on the BSE.
(Edited by : Shoma Bhattacharjee)
