QRG Investment Exits Awfis With ₹26.64Cr Bulk Deal, Sells 3.89 Lakh Shares

QRG Investment sold 3.89 lakh Awfis shares worth INR 26.64 crore in a bulk deal, Inc42 reported. QRG Investments & Holdings was one of the first investors and has exited Awfis completely by selling its 7.12% stake.

According to BSE data, the family office of Havells Chairman Anil Rai Gupta offloaded the company’s shares at ₹685.01 apiece on Monday. By the end of the trading session, the stock had slipped 3.1% to close at ₹658.60 on the BSE.

Details of the Massive Share Sale

The 3.89 lakh Awfis shares deal was executed at an average price of INR 685 per share, according to market data. This marks one of the biggest single-day trades in Awfis shares since its stock market debut. The sale was completed through the bulk deal window, indicating the substantial size of the transaction.

QRG Investment had been holding this position in Awfis for several months, but market conditions and strategic considerations likely influenced the decision to liquidate the entire stake. The timing of the sale coincides with increased activity in the co-working sector as businesses adapt to hybrid work models.

The transaction volume suggests that QRG Investment was a significant stakeholder in Awfis, making this exit noteworthy for both the company and its investors. Such large-scale sales often attract attention from institutional investors and market analysts tracking sectoral trends.

Financial Impact and Market Response

Awfis’ bulk share deal of INR 26.64 Cr has generated considerable interest among market participants. Bulk deals of this magnitude often signal important shifts in investor sentiment or strategic repositioning by major stakeholders.

Market observers are closely watching how this large-scale sale affects Awfis’ share price and trading volumes in the coming sessions. The execution at INR 685 per share provides a clear price benchmark for other investors evaluating their positions in the co-working space sector.

Financially, Awfis reported an 8x jump in consolidated net profit to ₹11.2 crore in Q4 FY25, up from ₹1.4 crore in the same quarter last year. Its operating revenue also rose sharply by 46%, reaching ₹339.7 crore compared to ₹232.3 crore in Q4 FY24.

Strategic Exit Decision

The fact that QRG investment exited Awfis completely suggests a strategic decision rather than a partial profit-booking exercise. Investment firms typically make such moves based on portfolio rebalancing needs, changed market outlook, or capital allocation priorities.

The complete exit indicates QRG Investment’s assessment that other investment opportunities might offer better risk-adjusted returns compared to holding Awfis shares for a longer period.

The fact that Awfis’ shares were sold at INR 685 provides important valuation insights for the company. This price level reflects the current market assessment of Awfis’ business prospects and growth potential in the evolving workspace industry.

The bulk deal pricing often serves as a reference point for institutional investors considering similar investments. A successful sale at this price indicates strong buyer interest, with sufficient demand to acquire a large volume of shares.