Announced Tue, 7 Jul · 07:29 IST
Smartworks completes Workstudio Spaces acquisition in Singapore
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SMARTWORKS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.5%1-day move
₹476.00
prior close
₹481.95
base price
After-mkt
timing
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AI summary
Smartworks has completed the acquisition of Workstudio Spaces, a Singapore-based coworking provider, through its wholly owned subsidiary Smartworks Space Pte. Ltd. The deal adds 4 operational centres in Singapore, expanding its Singapore footprint to about 76,000 sq. ft. with seating for over 1,500, and brings 45+ new clients. Smartworks is India's largest managed office platform with about 16.1 million sq ft across 66 centres in 15 cities in India and Singapore, serving 770+ clients.
Likely market impact
Expands Singapore footprint, adds 45+ clients and 4 centres. Acquisition terms not disclosed. Positive growth signal.