INDIQUBENSEIndiqube Spaces LimitedMinimalNeutral
Announced Thu, 19 Mar · 16:09 IST

Indiqube Spaces Limited has informed the Exchange regarding a press release dated March 19, 2026, titled "IndiQube Signs 1140 Seats Workspace Leasing Deal with Major GCC Client in Pune.".

INDIQUBE · price

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Price reaction · full curve 14 horizons · vs prior close
-7.1%1-day move
₹145.25
prior close
₹172.00
base price
After-mkt
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AI summary

IndiQube Spaces has signed a 5-year workspace leasing deal worth approximately ₹54 crores with a major Global Capability Center (GCC) client in Pune. The agreement covers 1,140 seats at IndiQube Orchid, spread across multiple floors, and includes customized facilities such as labs, server rooms, collaborative hubs, focused bays, phone booths, and training zones. The company noted that GCCs now account for nearly 40% of its overall client portfolio, making this a key growth segment. IndiQube currently operates across 17 cities with over 9.55 million sq. ft. of workspace under management. The deal strengthens IndiQube's footprint in Pune and adds to its long-term revenue visibility.

Likely market impact

This is a positive development for IndiQube as it locks in ₹54 crores of contracted revenue over 5 years and highlights growing demand from large GCC clients, which could support the stock's sentiment positively.