WeWork to sell 27% stake in India unit via Rs 1,200 crore secondary deal

US office-sharing company WeWork Inc. is set to exit the Indian operations by selling its entire 27% stake in the local unit through a secondary transaction, said multiple people in the know.
The estimated Rs 1,200 crore deal will also see Bengaluru-based property developer Embassy group pare its holding from 73% to 60%, said the people cited above.