WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 crore

WeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this stake reduction, WeWork India reported a consolidated net loss of Rs 4.30 crore for the first quarter while witnessing a total income increase to Rs 700.74 crore during the April-June period. The venture originated as a partnership between WeWork Global and Embassy Group.