WeWork bankruptcy: India business will not be impacted in any manner, says WeWork India CEO Karan Virwani

New Delhi: Coworking major WeWork India on Tuesday said the Indian business will not be impacted in any manner, as it is not part of the bankruptcy proceedings filed by WeWork Global in the US court.

In WeWork India, Bengaluru-based real estate firm Embassy Group has a 73 per cent stake, while WeWork Global has a 27 per cent shareholding.

WeWork India has 50 centres, comprising around 90,000 desks, across seven cities.

In a statement, WeWork India CEO Karan Virwani asserted that the Indian business is independent from WeWork Global and hence its operations will not be impacted.