Peak XV, ChrysCap sell Awfis shares worth Rs 606 crore in block deals
Peak XV Partners and ChrysCapital sold shares worth Rs 606 crore in coworking space company Awfis on Wednesday through block deals. Together, the investors sold 8.5 million shares at Rs 709.90 apiece.
This was a nearly 9% discount from Awfis’ closing share price of Rs 778.65 on Wednesday.
While Peak XV Partners, which is tagged as a promoter of the New Delhi-based company, sold a 7.6% stake in the company, private equity firm ChrysCapital divested 4.5% stake.
As of September 30, Peak XV Partners held a nearly 11% stake in Awfis, while ChrysCapital held over 14% shares in the firm.
At the sale price in Wednesday’s block deals, Peak XV Partners clocked a multiple of over five times, while ChrysCapital’s return multiple was 4.5x.
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