Awfis to sell facility management division for Rs 275 million

12 Sep 2024 CW Team

Flexible workspace provider Awfis Space Solutions Limited has signed a business transfer agreement with SMS Integrated Facility Services Private Limited (SMS IFS) to divest its facility management arm, Awfis Care, for Rs 275 million. Maple Capital Advisors acted as the sole advisor for the transaction, which is expected to be completed within 120 days.

SMS IFS, backed by Samara Capital, is a leading integrated facility management company in India, overseeing over 5,000 sites for more than 500 clients across Tier 1, Tier 2, and Tier 3 cities. The firm employs over 21,000 people and offers services ranging from soft services and technical support to sustainability consulting.

Legal counsel for Awfis was provided by Singhania & Co. This divestment allows Awfis to leverage SMS’s expertise in areas like digital operations, cost optimisation, and people management, ultimately reducing administrative overheads and improving operational efficiency.

(ET)

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..