Wework India Mgmnt.

** Shares of WeWork India WEWO.NS rise 2.65% to 733.05 rupees

** Ambit initiates coverage on Embassy Group-backed flexible workspace operator with "buy", PT of 950 rupees

** Brokerage says WeWork India identifies enterprise demand and secures matching supply, unlike global parent which leased spaces speculatively

** Brokerage notes ~94% of WEWO's portfolio comes from institutional grade-A developers, supporting stronger pricing power

** WeWork's pricing is more than 2x of peers and records 87% occupancy, highest in sector - brokerage

** Demand largely shifting to premium grade-A flex spaces driven by GCCs and large enterprises, making premium pricing sustainable - Ambit

** All 7 analysts covering stock rate WEWO "buy" or "strong buy"; median PT is 900 rupees - data compiled by LSEG

** YTD, WEWO up 21.2%

(Reporting by Abhirami G in Bengaluru)

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** Shares of WeWork India Management WEWO.NS up 3.6% at 713.9 rupees

** Jefferies reiterates WeWork India's stock rating at "buy", with PT at 900 rupees

** Says the company's 9 million square feet footprint has made it among the largest office occupiers, with fast-expanding demand and preferential supply treatment by landlords

** Leveraging global operating experience, the firm combines a design edge with strong tech-enabled services to capture premium demand from higher-end GCCs and corporates, the brokerage says

** Jefferies believes the company's strong network of quality product helps it plan for speculative locations, which achieve profitability at ~55% occupancy

** Stock has attractive valuations at 11.1x FY28E EV/EBITDA, brokerage says

** YTD, stock up 17.1%

(Reporting by Mridula Kumar in Bengaluru)

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June 29 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT LTD- ENTERED INTO AN ADDENDUM TO LEASE DEED FOR EXPANSION OF ITS EXISTING CENTRE AT KRISHE EMERALD, HYDERABAD

• WEWORK INDIA MANAGEMENT LTD- INVESTMENT OF 98 MILLION RUPEES REQUIRED

Source text: ID:nNSExJKZr

Further company coverage: WEWO.NS

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May 21 (Reuters) - WeWork India Management WEWO.NS reported a 79.5% year-on-year rise in fourth-quarter profit on Thursday, driven by strong demand from enterprise clients and higher occupancy.

• The flexible workspace provider posted a net profit of 655.5 million rupees ($6.80 million), up from about 365.2 million rupees a year earlier.

• Revenue from operations rose 29% year-on-year to 6.96 billion rupees, driven by strong demand from enterprise clients.

• Earnings before interest, tax, depreciation and amortisation (EBITDA) margins expanded by 231 basis points to 23.2% from a year earlier.

• "Enterprises continued to anchor the portfolio, contributing 77% of core revenue in Q4 FY26," the company said.

• Demand was further supported by expansion from existing clients, with over 50% of new desk sales during the fiscal year coming from current members, the company added.

• Total expenses rose 18.3%, driven by employee benefit cost, finance costs and operating expenses.

• WeWork also benefited from higher occupancy levels, with portfolio occupancy at a record high of 86.9%, including 88.9% at mature centres.

• WEWO.NS shares were up by the exchange-allowed maximum of 20% in afternoon trade following the results announcement. The stock is down about 7.5% so far this year.

($1 = 96.3875 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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April 6 (Reuters) - WeWork India Management Ltd WEWO.NS:

• ADDS OVER 700,000 SQ. FT. ACROSS BENGALURU, HYDERABAD, AND CHENNAI

Source text: ID:nNSEjJH6B

Further company coverage: WEWO.NS

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March 30 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT LTD - GETS TAX ORDER OF 134.4 MILLION RUPEES WITH EQUIVALENT PENALTY

Source text: ID:nNSE5mKL2z

Further company coverage: WEWO.NS

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March 25 (Reuters) - WeWork India Management Ltd WEWO.NS:

• INVESTS 310 MILLION RUPEES TO ADD ~81,000 SQ. FT. AT EMBASSY VERTEX

• SIGNS 10-YEAR LEASE FOR EMBASSY VERTEX IN BENGALURU

Source text: ID:nBSEwVbPp

Further company coverage: WEWO.NS

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March 24 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT LTD - INVESTS 90 MILLION RUPEES TO ADD 575 DESKS

Source text: ID:nNSEwsfX1

Further company coverage: WEWO.NS

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March 19 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT LTD - ENTERS MANAGED OFFICE AGREEMENT WITH TMUS INDIA PRIVATE LIMITED

• WEWORK INDIA MANAGEMENT LTD- CONTRACT WORTH 4.75 BILLION RUPEES

Source text: ID:nBSE8pHgtX

Further company coverage: WEWO.NS

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March 17 (Reuters) - WeWork India Management Ltd WEWO.NS:

• ENTERS LEASE DEED FOR CAPACITY ADDITION IN BENGALURU

• PROPOSED CAPACITY ADDITION OF ABOUT 2,327 DESKS

• INVESTMENT REQUIRED IS ABOUT 320 MILLION RUPEES

Source text: ID:nBSE71hRNT

Further company coverage: WEWO.NS

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March 9 (Reuters) - WeWork India Management Ltd WEWO.NS:

• LAUNCHES RIVET AS END-TO-END DESIGN AND BUILD PLATFORM

Source text: ID:nBSE93msfW

Further company coverage: WEWO.NS

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March 6 (Reuters) - WeWork India Management Ltd WEWO.NS:

• TO LAUNCH 'RIVET' DESIGN & BUILD VERTICAL

Source text: ID:nBSE5nZsLv

Further company coverage: WEWO.NS

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Feb 26 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT LTD - ENTERS SUB-LEASE DEED FOR CAPACITY ADDITION IN HYDERABAD

• WEWORK INDIA MANAGEMENT LTD - INVESTMENT REQUIRED ABOUT 320 MILLION RUPEES

Source text: ID:nBSE7Frj3R

Further company coverage: WEWO.NS

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Feb 24 (Reuters) - WeWork India Management Ltd WEWO.NS:

• ENTERS AGREEMENT FOR CAPACITY ADDITION IN PUNE

• INVESTMENT REQUIRED ABOUT 360 MILLION RUPEES

Source text: ID:nBSE71Sqnc

Further company coverage: WEWO.NS

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Feb 12 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT- BOMBAY HIGH COURT DISPOSES FINAL WRIT AGAINST WEWORK INDIA IPO

Source text: ID:nBSE3lYnx

Further company coverage: WEWO.NS

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Jan 29 (Reuters) - WeWork India Management Ltd WEWO.NS:

• ENTERED INTO A LEASE DEED FOR CAPACITY ADDITION IN HYDERABAD

• INVESTMENT REQUIRED 1 BILLION RUPEES

Source text: ID:nNSE7KzvMP

Further company coverage: WEWO.NS

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Jan 27 (Reuters) - WeWork India Management Ltd WEWO.NS:

• WEWORK INDIA MANAGEMENT LTD DEC-QUARTER CONSOL NET PROFIT 167 MILLION RUPEES

• WEWORK INDIA MANAGEMENT LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.34 BILLION RUPEES

Source: https://tinyurl.com/yx83e3ut

Further company coverage: WEWO.NS

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Adds analyst comment in paragraphs 5 and 9, details throughout

By Vivek Kumar M and Kashish Tandon

Oct 14 (Reuters) - LG Electronics India LGEL.NS surged 50.4% in its trading debut on Tuesday and notched a valuation of $13.07 billion, eclipsing its South Korean parent's market capitalisation, as investors piled into the country's most bid-for IPO since 2008.

Shares of the Indian arm of LG Electronics 066570.KS made a strong debut on the National Stock Exchange of India, opening at 1,710.10 rupees and rising to 1,714.90 rupees, well above the issue price of 1,140 rupees.

The debut valued the company above its $8.73 billion target and its South Korean parent's roughly $9 billion market cap.

It also put the firm ahead of its India-listed peers such as Whirlpool WHIR.NS, Voltas VOLT.NS, and Havells HVEL.NS, which are valued between $1.7 billion and $10.4 billion.

The company's listing performance was the best for a billion-dollar IPO in India since 2021, and comes in the midst of what is India's second-busiest quarter on record for IPOs, with WeWork India WEWO.NS and Tata Capital TATC.NS posting lacklustre debuts in recent days.

"After a long time, we're seeing a genuinely strong IPO in the consumer space — solid fundamentals, reasonable valuations and sector-leading growth prospects," said Dhiraj Relli, managing director and CEO of HDFC Securities.

LG Electronics, India's second-biggest appliance maker, whipped up strong demand at the bidding stage. Investors snapped up its $1.3 billion IPO within hours of opening, with bids worth a staggering $50 billion.

The investor euphoria made it the most subscribed billion-dollar offering in nearly two decades, eclipsing interest seen in high-profile listings such as Life Insurance Corp of India’s LIFI.NS $2.7 billion issue in 2022, and Paytm's $2.5 billion debut and Zomato's ETEA.NS $1.3 billion flotation in 2021.

At the share sale, qualified institutional buyers bid 166.5-fold their allotted quota, while non-institutional and retail investors subscribed 22.4 times and 3.54 times, respectively, according to exchange data.

"Institutional investors are unlikely to be satisfied with the current 5 billion–6 billion rupee allocation and will be forced to participate aggressively in the listing and beyond to achieve reasonable sizing," Relli added.

($1 = 88.7680 Indian rupees)

(Reporting by Kashish Tandon, Vivek Kumar, Chandini Monnappa and Mridula Kumar; Editing by Janane Venkatraman)

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Oct 13 (Reuters) - WeWork India Management Ltd WEWO.NS:

• CLSA GLOBAL MARKETS SOLD 836,616 WEWORK INDIA MANAGEMENT SHARES VIA BULK DEAL - NSE DATA

Source text: [ID:]

Further company coverage: WEWO.NS

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** Shares of WeWork India Management WEWO.NS settles 3% lower at 628.65 rupees in trading debut

** WEWO valued at 84.25 bln rupees ($950.1 mln) at close vs 86.85 bln rupees post-IPO

** Flexible workspace operator's 30-bln-rupee IPO was subscribed 1.15x

** Stock opened at 650 rupees, 0.3% higher than IPO price of 648 rupees

** Trading volume at 7.1 mln shares

** IPO comprised sale of 35.4 mln shares by Embassy Buildcon LLP and 10.9 mln shares by 1 Ariel Way Tenant

($1 = 88.6790 Indian rupees)

(Reporting by Vijay Malkar)

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