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 Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..