WeWork India is set to launch a ₹3,000 crore IPO, which will reduce the promoter’s stake to 48.1%. Despite higher revenue and Ebitda than competitors, the company’s recent FY25 profit of ₹128 crore is primarily attributed to a deferred tax credit. Geographic concentration and lower occupancy rates in mature centres compared to peers are noted.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets