WeWork India is set to launch a ₹3,000 crore IPO, which will reduce the promoter’s stake to 48.1%. Despite higher revenue and Ebitda than competitors, the company’s recent FY25 profit of ₹128 crore is primarily attributed to a deferred tax credit. Geographic concentration and lower occupancy rates in mature centres compared to peers are noted.
Rupee flat on hopes West Asia truce will hold
The Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a West Asian