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WeWork's plan to sell stake in Indian unit collapses: Report
short by Mansi Agarwal / on Friday, 27 September, 2024
Office-sharing firm WeWork's plan to sell a 27% stake in its Indian entity and exit the country has collapsed, the Economic Times reported. The deal, which involved WeWork India promoter Embassy Group acquiring the stake, reportedly fell through because of a valuation mismatch. This comes despite the plan receiving the approval of the Competition Commission of India.
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