Embassy Group , which owns a majority stake in WeWork India , said the deferment of the We Company ’s IPO will have no impact on the Indian JV, and it remains upbeat about the company’s prospects. The Co-CEOs Artie Minson , which is wholly owned and funded by Embassy , continues to focus on signing further agreements with landlord partners, a spokesperson for the real estate developer said. Earlier this year , the New York -based co-workspace operator offered to buy a 70% stake in the We Company from Embassy , in a deal valuing the company at $ over 50 per cent . PTI SR MJH SR ANU ANU WeWork India operates 400 locations across the country.
Embassy Group , which owns a majority stake in WeWork India , said the deferment of the We Company ’s IPO will have no impact on the Indian JV, and it remains upbeat about the company’s prospects. The Co-CEOs Artie Minson , which is wholly owned and funded by Embassy , continues to focus on signing further agreements with landlord partners, a spokesperson for the real estate developer said. Earlier this year , the New York -based co-workspace operator offered to buy a 70% stake in the We Company from Embassy , in a deal valuing the company at $ over 50 per cent . WeWork India operates 400 locations across the country.