{
  "id": 13203688,
  "title": "Peak XV Sells Awfis Shares Via ₹30 Cr Bulk Deal",
  "url": "https://urgent.news/2026/10/09/peak-xv-sells-awfis-shares-via-30-cr-bulk-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T20:15:55.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/peak-xv-sells-awfis-shares-via-%e2%82%b930-cr-bulk-deal/"
  },
  "original_language": "en",
  "account": "Peak XV Partners has disposed of 12.2 lakh shares of coworking space provider Awfis through a bulk sale valued at ₹29.8 crore. According to NSE records, the venture capitalist firm, through its subsidiary Peak XV Partners Investment V, sold the shares at ₹245 each, netting the total amount. Peak XV purchased the shares at a 0.9% discount to the stock's last closing price on Friday. This move has reduced Peak XV's ownership in Awfis by over half. By June 2026, the VC firm held a 3.24% stake, or 23.2 lakh shares, in Awfis. Following the sale, Kritagyata Trust purchased 11.5 lakh shares at ₹244.97 each, totaling ₹28.2 crore. The remaining shares' buyers remain undisclosed. The bulk deal comes as Peak XV aims to mitigate some of the losses due to Awfis' declining share prices. While the stock has risen by 5% in the past week, it has plummeted more than 58.6% over the last year, nearing its 52-week low of ₹229.55. Over the year-to-date period, Awfis shares have fallen 49.87%. Despite market pressures, institutional selling, and valuation adjustments, the company continues to report strong financials. Awfis' net profit surged by 140% to ₹24 crore in the first quarter of fiscal year 2026-27 (FY27) compared to ₹10 crore in the same quarter of the previous year. Operating revenue also increased by nearly 27%, reaching ₹424.9 crore from ₹334.7 crore in Q1 FY26. Established in 2015 by Amit Ramani, Awfis is a tech-driven workspace solutions platform that serves enterprises, freelancers, startups, and SMEs. As of June 2026, Awfis operated 251 centers, offering around 1.7 lakh seats and 84 lakh square feet of chargeable area. Additionally, it caters to over 100 global capability centers (GCCs), which accounted for 24% of its rental revenue in Q1 FY27. Awfis' shares closed the previous trading session on the BSE 3.7% higher at ₹247.15.",
  "summary": "Early backer Peak XV Partners has sold 12.2 Lakh shares of coworking space provider Awfis in a bulk deal worth…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}