Awfis Space Solutions Block Deal | 12% equity worth Rs 606 crore changes hands in large trade

Shares of Awfis Space Solutions grabbed attention today after a massive block deal worth Rs 606 crore occurred on the stock exchanges. The trade involved 85.3 lakh shares priced at Rs 710 each, reflecting a 1% discount to the previous closing price on the NSE. This transaction marks the divestment of a 12.2% equity stake by Promoter Peak XV Partners Investments and shareholders Bisque Ltd and Link Investment Trust. The deal also includes a 90-day lock-in period.

Currently, Peak XV holds 22.86% in Awfis, while Bisque and Link Investment Trust own 23.47% and 0.36%, respectively. Awfis, a prominent player in the flexible workspace industry, caters to diverse office needs, from individual desks to corporate solutions. The company recently partnered with the NSE to design, build, and manage 1.65 lakh sq. ft. of office space in Mumbai’s Bandra-Kurla Complex, further strengthening its market presence.

Since its stock market debut on May 30, 2024, Awfis has been a key player to watch, with ace investor Ashish Kacholia also holding a stake in the company. The block deal follows its strategic expansions, underscoring its growth trajectory in the workspace solutions sector.