Announced Thu, 25 Jun · 18:23 IST
Smartworks to acquire Singapore coworking firm WorkStudio
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
-1.2%1-day move
₹490.90
prior close
₹489.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6-0.4-0.4-1.5-1.2+0.0-1.8-3.2-3.0-8.3-1.0———
Up moveDown movePending
AI summary
Smartworks will acquire 100% of WorkStudio Spaces Pte. Ltd., Singapore, through its wholly owned subsidiary. WorkStudio will become a step-down subsidiary. Target is a flex space provider incorporated Nov 2024 with turnover of INR 5.09 Crores since inception to March 2026. Deal is a related party transaction, cash consideration, expected to close by July 2026. Expands Singapore portfolio to 4 centres covering about 76,000 sq. ft.
Likely market impact
International expansion into Singapore flex space market, doubling footprint. Related party deal to watch for governance; cost not disclosed yet.