Tag Archives: stake sale

WeWork Global, a co-working firm that has faced bankruptcy proceedings in the US, is reportedly in talks to sell its entire 27% stake in WeWork India. This move comes as part of a broader financial restructuring effort, with Bengaluru-based real estate giant Embassy Group also considering diluting its shareholdings to raise capital.

Whirlpool Corporation, a leading appliance manufacturer, is set to offload a 24% stake in its Indian subsidiary this week, according to a term sheet accessed by Reuters. The transaction, facilitated through block deals, is anticipated to yield up to $451 million for the company. Whirlpool aims to execute the sale at a price of 1230 rupees per share, representing a 7.6% discount from Monday's closing price. The deal is scheduled to be concluded by Wednesday.

Adani Power's shares experienced a 4% drop before making a partial recovery following news of a potential 8% stake sale by promoters to a marquee global fund, while another Adani group firm also made stake acquisitions.