CCI approves Real Trustee Advisory's acquisition of WeWork

19 Jun 2024 CW Team

The regulator of fair trade, CCI, has approved the planned equity acquisition of WeWork India Management by Real Trustee Advisory Company. "In its capacity as trustee for Volrado Venture Partners Fund II (Volrado II), Real Trustee Advisory Company (Real Trustee) has approved the acquisition of certain share capital of WeWork India Management (WeWork India), Volrado Venture Partners Fund III-Beta (Volrado III) and other independent co-acquirers, and 100% share capital of 1 Ariel Way Tenant Limited (OAW) by Embassy Buildcon LLP," the CCI said in a release.

The planned transaction has been authorised, according to the Competition Commission of India (CCI). The company, Embassy Buildcon, is involved in the development of residential and commercial real estate as well as other associated operations.

WeWorkIndia provides workplace solutions for businesses in the form of digital real estate and flexible workplaces. On behalf of WeWork International, OAW is the owner of shares in WeWork India. Deals that are over a specific level need regulatory permission, which monitors unscrupulous corporate activities and fosters equitable competition in the market.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..