HDFC Mutual Fund Boosts Stake in WeWork India Management to 5.483%

HDFC Mutual Fund has significantly increased its stake in WeWork India Management Limited, as revealed in a recent regulatory filing. The transaction, which took place on November 25, 2025, saw the fund acquire an additional 10,00,000 shares through open market purchases.

Key Details of the Acquisition

Aspect	Details
Acquirer	HDFC Mutual Fund
Target Company	WeWork India Management Limited
Acquisition Date	November 25, 2025
Shares Acquired	10,00,000
Mode of Acquisition	Open Market
Total Shares Held Post-Acquisition	73,49,103
New Stake Percentage	5.483%
Paid-up Equity Share Capital	Rs. 1,34,02,32,590/-
Number of Equity Shares	13,40,23,259
Face Value per Share	Rs. 10/-

Regulatory Compliance

The acquisition was disclosed in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires investors to disclose their holdings when they reach or cross certain thresholds.

HDFC Mutual Fund Schemes Involved

The increased stake is held across various HDFC Mutual Fund schemes, including:

HDFC Business Cycle Fund
HDFC Value Fund
HDFC Children's Fund
HDFC Balanced Advantage Fund
HDFC Innovation Fund

Market Implications

This substantial increase in HDFC Mutual Fund's stake in WeWork India Management Limited may signal confidence in the company's future prospects. As one of India's leading asset management companies, HDFC Mutual Fund's investment decisions are often closely watched by market participants.

Investors and market analysts may interpret this move as a positive indicator for WeWork India Management Limited. However, it's important to note that mutual fund investments are based on various factors and should not be considered as direct investment advice.

The impact of this stake increase on WeWork India Management Limited's stock price and overall market perception remains to be seen. Investors are advised to conduct their own research and consider their financial goals before making any investment decisions based on this development.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.02%	+0.51%	-3.57%	-6.52%	-6.52%	-6.52%

WeWork India Management , a leading flexible workspace provider, has reported strong financial results for the second quarter of fiscal year 2026, marking several milestones in its growth trajectory.

Record Revenue and Profitability

The company achieved its highest-ever quarterly revenue of INR 585.5 crores, representing a 7.3% quarter-over-quarter growth and a 17.2% year-over-year increase. This robust top-line performance was accompanied by significant improvements in profitability metrics.

WeWork India reported an IGAAP-equivalent EBITDA of INR 118.4 crores, showcasing a remarkable 45% quarter-over-quarter growth and nearly 16% year-over-year improvement. The EBITDA margin expanded by 530 basis points to 20.3%, reflecting the company's focus on operational efficiency and cost discipline.

First-Ever IndAS PAT Positive Quarter

In a significant milestone, WeWork India achieved its first-ever IndAS PAT (Profit After Tax) positive quarter without any deferred tax adjustments. The company reported a profit of INR 6.4 crores under IndAS accounting standards, marking a substantial turnaround from a loss of INR 31.5 crores in the same period last year (excluding deferred tax benefits).

Key Performance Indicators

Metric	Q2 FY26	QoQ Growth	YoY Growth
Revenue	585.50	7.3%	17.2%
IGAAP-equivalent EBITDA	118.40	45%	15.8%
EBITDA Margin	20.3%	530 bps	-
IndAS PAT	6.40	Positive vs. Loss	Positive vs. Loss
Portfolio Occupancy	80.2%	-	-

Operational Highlights

WeWork India currently operates 70 centers across 8 cities, covering 7.7 million square feet with 1.15 lakh desks. The company's portfolio occupancy remained strong at 80.2%, underscoring resilient demand in the flexible workspace sector.

Enterprise accounts continue to be the cornerstone of WeWork India's business, contributing approximately 75% of the revenue. The average membership tenure increased by 17% year-over-year, reaching 27 months, reflecting stronger enterprise adoption and longer-term client commitments.

Expansion and Future Outlook

The company maintains a disciplined growth strategy with 14,000 desks under fit-out and another 15,000 desks under LOI (Letter of Intent). This expansion is expected to increase WeWork India's capacity to about 1.45 lakh desks and approximately 10 million square feet of Assets Under Management (AUM).

Karan Virwani, Managing Director and CEO of WeWork India, commented on the results: "We have delivered yet another strong quarter, combining record growth, consistent profitability, and strategic execution. WeWork India continues to lead the industry, not just in terms of scale, but also in profitability, operational efficiency, and technology-driven execution."

Financial Position

The company's net debt position improved to INR 311 crores, down from INR 529 crores in the previous year. The average cost of borrowing decreased by 500 basis points over the past year, from 15.4% to 10.4%, primarily driven by the retirement of high-cost debt through a rights issue by the promoter.

WeWork India's focus on capital efficiency is evident in its improved Return on Capital Employed (ROCE), which increased to 22.2% from 9% quarter-on-quarter.

As WeWork India continues to expand its operations and improve its financial metrics, the company appears well-positioned to capitalize on the growing demand for flexible workspaces in India's dynamic office market.