QRG Investments offloads Awfis’ shares worth Rs 141 Cr

QRG Investment has sold its 82% stake in co-working solutions firm Awfis through a bulk deal. According to a corporate disclosure on the National Stock Exchange (NSE), the investor has offloaded its 24,07,800 shares at Rs 585.14 per share for Rs 140.9 crore. 

Prior to this, QRG had offloaded 3,67,408 Awfis’ shares last month, aggregating to Rs 22 crore, taking its total disinvestment to 94% of its overall stake in the company.

As of March 2025, QRG Investments owned 29,39,074 shares of Awfis, forming a total of 4.11% of Awfis' total captable. QRG Investments and Holdings Limited, the promoter holding arm of QRG Group, operates as a mid-tier NBFC. 

On the other hand, HSBC MUTUAL FUND picked up 9,18,300 shares of Awfis at a price of Rs 585 per share, which totaled to Rs 53.72 crore in a bulk deal on Tuesday, the disclosure further shows.

Earlier this month, VBAP Holdings Private Limited also sold its 23.6% stake in Awfis through a bulk deal for Rs 56.8 crore.

Awfis’ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The company’s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period.

Awfis’ stock is trading at Rs 577 (as of 10:50 AM) with a total market capitalization of Rs 4,126 crore.