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VBAP Holding sells Awfis’ shares worth Rs 57 Cr

EntrackrEntrackr · 1d ago
VBAP Holding sells Awfis’ shares worth Rs 57 Cr
Medial

VBAP Holdings Private Limited sold its 23.6% stake in co-working solutions firm Awfis through a bulk deal. According to a corporate disclosure on the National Stock Exchange, the firm offloaded 9,96,307 shares at Rs 570.12 per share for Rs 56.8 crore. As of March 2025, VBAP owned 42,17,712 shares of Awfis, forming a total of 5.92% of Awfis' total captable. Less than a week ago, QRG Investments offloaded Awfis’ shares worth Rs 22 Cr through a bulk deal. Awfis’ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The company’s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfis’ stock is trading at Rs 565.8 (as of 11:55 AM) with a total market capitalization of Rs 4,061 crore.

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QRG Investments offloads Awfis’ shares worth Rs 22 Cr

EntrackrEntrackr · 6d ago
QRG Investments offloads Awfis’ shares worth Rs 22 Cr
Medial

Snippets QRG Investments offloads Awfis’ shares worth Rs 22 Cr QRG Investments and Holdings Limited has sold 3,67,408 shares of Awfis at a price of Rs 591.17 per share aggregating to Rs 21.94 crore in a bulk deal. QRG Investments and Holdings Limited, the promoter holding arm of QRG Group and a key shareholder in Havells India, operates as a mid-tier NBFC. It manages a diverse portfolio that includes startup investments, listed stocks, venture debt, structured credit, REITs/InvITs, and private businesses across sectors such as healthcare, EVs, and pharmaceuticals. Awfis on its Annual General Meeting yesterday reappointed Rajesh Kharabanda as Non-Executive Director who retires by rotation. Awfis’ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The company’s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfis’ stock is trading at Rs 577 (as of 10:40 AM) with a total market capitalization of Rs 4,131 crore.

Peak XV, others divest stake worth Rs 1,600 Cr in MamaEarth’s parent

EntrackrEntrackr · 1y ago
Peak XV, others divest stake worth Rs 1,600 Cr in MamaEarth’s parent
Medial

Peak XV (formerly Sequoia Capital), along with Stellaris Ventures, Sofina Ventures, and Fireside Ventures, collectively sold shares worth Rs 1,600 crore ($190 million) in Honasa Consumer Limited, the parent company of the direct to consumer (D2C) skincare and beauty brand MamaEarth. The aforementioned investors sold 3.24 crore shares of MamaEarth at an average price of Rs 495.48 per share, according to the company’s bulk deal data accessed from the National Stock Exchange. Peak XV and its former entity Sequoia Capital Global Growth Fund III divested around Rs 753 crore ($90 million) worth of shares, while Sofina Ventures, Stellaris Ventures, and Fireside Ventures sold shares worth Rs 298 crore, Rs 225 crore, and Rs 326 crore, respectively, during the bulk deal. Importantly, ICICI Prudential Life and Morgan Stanley collectively purchased Rs 262 crore worth of shares in MamaEarth. According to Entrackr’s estimates, MamaEarth sold 10% of its shares in this single bulk deal. The firm’s total outstanding shares stood at 32.42 crore as of June 30, 2024. The sale of shares came at a time when the Gurugram-based firm reached its all-time high share price of Rs 547 on Tuesday this week. As per NSE data, MamaEarth’s overall market capitalization stood at Rs 16,046 crore ($1.91 billion) as of September 12. In the first quarter of the current fiscal year, the company reported a 17.6% quarter-on-quarter increase in revenue, reaching Rs 554 crore, up from Rs 471 crore in Q4 FY24. This marked the firm’s most profitable quarter, with Rs 40 crore in profit after tax (PAT). Peak XV’s recent exit portfolio includes companies like Blinkit, Zomato, Freshworks, Awfis, Ixigo, Go Fashion, MamaEarth, and others.

Wellington Management sells Blackbuck shares worth Rs 54 Cr

EntrackrEntrackr · 1m ago
Wellington Management sells Blackbuck shares worth Rs 54 Cr
Medial

Wellington Management sells Blackbuck shares worth Rs 54 Cr Wellington Management’s offshore investment fund Ithan Creek Master Investors (Cayman) L.P.F. has offloaded over Rs 53 crore worth stake in B2B logistics firm Blackbuck through a bulk deal on the stock exchange. As per disclosure on NSE, Wellington Management divested 9.9 lakh shares at Rs 540.54 apiece, amounting to a total deal value of Rs 53.7 crore. Ithan Creek Master Investors (Cayman) L.P.F. is a Cayman Islands-based offshore investment fund managed by Wellington Management. This deal follows BlackBuck’s financial disclosure for the first quarter of FY26. As reported by Entrackr, the company posted a 57% year-on-year growth in revenue to Rs 144 crore during the period. Profit also rose 17% YoY to Rs 34 crore, reflecting a steady improvement in margins. According to the company, the growth was driven by improved operating leverage and expansion into newer business lines, which helped boost both revenue and profitability. The Bengaluru-based company’s core business of providing truck operator services continued to be its primary source of income, accounting for nearly 98% of the total revenue in the quarter ending June 2025. At the end of the day (Thursday, August 7), Blackbuck’s stock was trading at Rs 517.4, with a total market cap of Rs 9,278 crore. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT

EntrackrEntrackr · 10m ago
Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT
Medial

Co-working solutions provider Awfis has registered decent growth in its revenue while maintaining profitability in the second quarter of FY25. The company’s revenue from operations surged 40.5% year-on-year to Rs 292.38 crore in Q2 FY25 from Rs 208.15 crore in the same quarter last year. Other income contributed an additional Rs 9.56 crore which drove its total income of Rs 301.95 crore for the quarter. On a quarterly basis, the firm's revenue jumped 13.46% from Rs 258 crore in Q1 FY25. Founded in 2015, Awfis provides office spaces for startups, SMEs, and large corporations, along with services such as food and beverages, IT support, and infrastructure solutions. Revenue from co-working spaces remained the largest segment that grew 43.1% to Rs 218.31 crore in Q2 FY25 from Rs 152.56 crore in Q2 FY24. The construction and fit-out projects segment brought in Rs 68.15 crore, while other services brought in Rs 5.9 crore to the overall revenue in Q2 FY25. Subcontracting cost was the largest burn which stood at Rs 56.13 crore, whereas employee benefits expenses increased to Rs 39.38 crore. Depreciation and amortization expenses grew 33.5% YoY to Rs 64 crore. Finance costs amounted to Rs 30.4 crore which pushed the firm’s total cost to Rs 287.29 crore in the September quarter. With an exceptional item income of Rs 24 crore, Awfis posted a profit after tax of Rs 38.67 crore. Awfis’ stock was listed on the NSE on May 30, opening at Rs 435 with a 13.58% premium over the issue price of Rs 383. Before Monday’s market closure, the company’s shares were trading at Rs 776.

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