QRG Investments Sells 2.4 Million Awfis Space Solutions' Shares, Exits Majority Stake in Bulk Deal

Image Source: Awfis

QRG Investments and Holdings, the Havells family office arm, offloaded 2.4 million shares of Awfis Space Solutions through a bulk deal, reducing its stake below 1%. The sale valued at nearly ₹141 crore marks a continued stake reduction by QRG amid Awfis’ recent strong revenue and profit growth.

In a significant market move on October 14, 2025, QRG Investments and Holdings, part of the QRG Group and Havells’ family office, sold 24.07 lakh shares (approximately 2.4 million) of Awfis Space Solutions via an open market bulk deal on the NSE. The transaction valued at about ₹140.89 crore was executed at around ₹585 per share, marking a decisive step in QRG’s gradual divestment from the coworking space provider.

QRG’s shareholding in Awfis has steadily declined over the year—from 7.12% in March 2025 to just 0.75% post this deal, meaning the group has almost exited its position entirely. The sale reflects a strategic reallocation of investments amidst a dynamic workspace solutions market.

Meanwhile, Awfis Space Solutions continues to demonstrate robust business performance. The company reported a 30% year-on-year increase in revenue, reaching ₹335 crore in Q1 FY26, with net profits surging 3.5 times to ₹10 crore during the same quarter. Despite the selling pressure, the stock has seen price activity around ₹575-585, maintaining a market capitalization exceeding ₹4,100 crore.

The bulk deal also attracted buyers like HSBC Mutual Fund, which acquired around 9.18 lakh shares valued at ₹53.72 crore. This shows ongoing institutional interest in Awfis amid evolving market conditions and optimism about the flexible workspace sector.

Key highlights:

QRG Investments offloaded 24.07 lakh Awfis shares at ~₹585 per share, totaling ₹140.89 crore
Stake reduced from 7.12% in March 2025 to 0.75% post-transaction
Awfis Q1 FY26 revenue grew 30% year-on-year to ₹335 crore; profits soared 3.5X to ₹10 crore
HSBC Mutual Fund purchased 9.18 lakh shares for ₹53.72 crore, signaling institutional confidence
Awfis shares hovered near ₹575 despite QRG’s stake sale, with a market cap above ₹4,100 crore
The transaction underscores QRG’s strategic exit amid strong performance and sector opportunities

This transaction highlights the evolving dynamics in India’s flexible office space market, with big investors reshaping portfolios while the underlying business fundamentals of players like Awfis remain strong.

Sources: Moneycontrol, Entrackr, Indian Startup Times.

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