Peak XV Partners, a venture capital firm, sold Awfis shares for INR 379.8 crore in a series of bulk transactions

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Peak XV Partners, a venture capital firm, sold Awfis shares for INR 379.8 crore in a series of bulk transactions

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On Wednesday (December 11), the two investment firms sold Awfis shares for INR 605.65 crore

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Peak XV dumped 53.5 lakh shares at INR 709.9 each, while Bisque sold 31.81 lakh shares at the same price

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Invesco, Goldman Sachs India, Citigroup, Morgan Stanley Asia Singapore, Societe Generale, and Whiteoak Capital, among others, snatched up the newly available shares

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It is worth noting that Peak XV owned a 10.92% interest in the coworking space provider as of September 30, 2024, while Bisque controlled 14.38%

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Awfis reported a consolidated net profit of INR 38.67 crore in Q2 FY25, compared to a net loss of INR 4.34 crore in the previous year

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Operating revenue increased by 40.46% to INR 292.38 crore during the period under review, from INR 208.15 crore in Q2 FY24

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Awfis shares have increased by more than 80% since they were listed in May at INR 432.25 each

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Awfis shares closed 8.61% higher at INR 778.65 on the BSE on Wednesday (11th December)

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