EFC (I) announced a significant surge in its financial performance for Q1 FY26, marked by a 195.94% increase in net consolidated profit, reaching ₹46.67 crore. The company's total income also saw substantial growth, rising by 112.05% to ₹223.25 crore.
Mindspace Business Parks REIT has acquired Mack Soft Tech for ₹511.8 crore. This deal includes ‘Q-City’, a commercial asset in Hyderabad. The property will be rebranded as ‘The Square, 110 Financial District’. This acquisition increases Mindspace REIT’s Hyderabad portfolio. The deal was closed at a discount, promising a boost to REIT NOI.
IndiQube Spaces' IPO saw 87% subscription on day one, driven by strong retail investor interest at 3.41 times subscription. The company aims to raise ₹700 crore, including a fresh issue of ₹650 crore, to fund expansion and debt repayment.
PwC India has expanded its footprint in the Delhi-NCR region with a new 1.25 lakh sq ft office in Gurugram's 'DLF Downtown 4'. This sixth office in NCR increases PwC India's capacity to nearly 8,000 people. Chairperson Sanjeev Krishan highlighted the growing demand for their services. The new facility will accommodate over 1,200 employees.
IndiQube Spaces secures over ₹314 crore from anchor investors. This happens before its initial public offering. Shares are allotted at ₹237 each. Key investors include Aditya Birla Sun Life MF and Motilal Oswal. The IPO opens on July 23, 2025, and closes on July 25, 2025. The price band is ₹225–₹237 per share.
Paytm has appointed Manorview Developers, an Adani Group subsidiary, as the EPC contractor for its IT and ITes complex in Noida's Sector 159. This decision follows the termination of a previous joint development agreement with ACE Builders and Promoters due to non-compliance with NOIDA regulations. Paytm will now independently develop the 10-acre project.
Subash Ghai, Crest Ventures, and Mukta Arts have leased a 7,500 sq ft commercial property in Andheri West, Mumbai, for a starting monthly rent of ₹3.38 lakh. The five-year lease agreement includes a security deposit of ₹24.66 lakh, with rent escalating annually by approximately 5%, reaching ₹4.11 lakh in the final year.
IndiQube Spaces has set the IPO price band at Rs 225-237 per share, aiming to raise Rs 700 crore. The IPO will be open from July 23-25, with a valuation of nearly Rs 5,000 crore at the upper end. The company intends to use the funds for expansion and debt repayment, with listing expected on July 30.
Smartworks Coworking Spaces Ltd shares closed with a 9% premium, ending at Rs 445.10 on the BSE and Rs 445.05 on the NSE. The IPO, priced at Rs 407, saw strong investor interest, being oversubscribed 13.45 times. The company intends to utilize the raised capital of Rs 583 crore for business expansion and debt reduction.
The Executive Centre is planning an initial public offering in Mumbai that may raise 26 billion rupees ($303 million), according to people familiar with the matter, to capitalize on the rising demand for workspace in the country.
WeWork India has received SEBI's nod for its IPO. The IPO is entirely an offer for sale of 4.37 crore equity shares. Selling shareholders include Embassy Buildcon LLP and 1 Ariel Way Tenant. WeWork India reported a consolidated income of ₹1,737.16 crore for FY24. The company's total borrowings stood at ₹616.90 crore in FY24.
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