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Flexible workspace provider WeWork India has set a price band of Rs 615-648 per share for its initial public offering (IPO). The issue, comprising only an offer for sale of 46.2 million shares, is expected to raise up to Rs 3,000 crore at the upper end of the band.
The IPO will see its promoter Embassy Group, a Bengaluru-based real estate firm, offload up to 35.4 million shares, while 1 Ariel Way Tenant, a subsidiary of WeWork Global, will sell up to 10.8 million shares.
The IPO will be open from October 3-7, with an anchor round on October 1.
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