Smartworks to acquire Singapore-based Workstudio Spaces to expand coworking footprint

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SMARTWORKS · price

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹490.90

prior close

₹489.00

announcement price

After-mkt

timing

Nifty Microcap 250market-0.3%+1.5% vs market

Diversified Commercial Services peers, median of 72sector-0.9%+2.1% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

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15m

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30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.2-0.3+1.5-0.9+2.1

Next day

-1.2+0.8-1.9-0.4-0.8

+0.0+0.9-0.9-0.8+0.9

-1.8+1.8-3.6+0.0-1.8

-3.2+1.5-4.7+0.0-3.2

-3.0+1.7-4.7-0.7-2.3

-8.3-1.1-7.2-1.6-6.7

15d

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-2.5+0.4-2.9-3.0+0.5

+10.0+6.4+3.7-3.2+13.2

+4.6+5.5-0.9-3.1+7.7

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Smartworks Coworking Spaces announced the proposed acquisition of Singapore-based flexible workspace provider Workstudio Spaces Pte. Ltd. through its wholly owned subsidiary. Workstudio has about 26,000 sq. ft. operational footprint. Post-acquisition, Smartworks' Singapore portfolio will expand to 4 centres totalling about 76,000 sq. ft. with 1,500 plus seats. Deal expected to close in July 2026, funded by subsidiary's existing funds. Smartworks currently has about 16.1 million sq. ft. across 66 centres in 15 cities in India and Singapore.

Likely market impact

Doubling Singapore presence to about 76,000 sq. ft., strengthens enterprise market position. Funded internally, no equity dilution for shareholders.