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WeWork India IPO In Jeopardy? SEBI Keeps DRHP In Abeyance

  • SEBI has kept WeWork India's IPO papers in 'abeyance'.
  • 'Kept in abeyance' means that the observations on draft papers are temporarily put on hold.
  • WeWork India's proposed IPO would comprise an offer-for-sale component of about 4.3 Cr equity shares.
  • Promoter group Embassy Buildcon LLP and Ariel Way Tenant will sell the shares.

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