WeWork India’s plans to raise up to Rs 4,000 crore through IPO moves ahead as Sebi lifts abeyance status

WeWork India Management plans to raise up to Rs 4,000 crore through an IPO comprising solely of an offer for sale. Promoters Embassy Buildcon LLP and investor 1 Ariel Way Tenant will offload a total of 4.37 crore shares. The issue follows SEBI lifting the abeyance on the draft offer document, with the IPO now pending final regulatory observations.