WeWork India Raises Rs 500 Crore via Rights Issue

NEW DELHI: WeWork India Management (WeWork India), a flexible workspace operator, has raised Rs 500 crore via a rights issue. The funds will be utilized for the repayment of debt, strengthening the company’s pathway to being debt-free, and reducing its cost of capital.

Karan Virwani, Managing Director & CEO of the company, said:
“With this capital infusion, we aim to strengthen our balance sheet by repaying existing debt.”

Operational Presence

The company is currently operational across eight cities with over one lakh desks.

Recent Leases

• WeWork Manyata Mahogany in Hebbal, Bengaluru
• WeWork GERA Commerzone in Pune

WeWork India continues to expand its footprint in major cities, providing flexible workspace solutions for modern businesses.

Courtesy : https://realty.economictimes.indiatimes.com/news/commercial/wework-india-raises-rs-500-crore-via-rights-issue/117197758?utm_source=top_story&utm_medium=homepage