Awfis is selling its facility management business ‘Awfis Care’ to SMS Integrated Facility Services for INR 27.5 Cr on a slump sales basis
Awfis said that the sale will help it focus on its core business of flexible workspace market by reducing administrative and compliance requirements
Mumbai-based SMS Integrated Facility Services claims to serve over 750 clients at 2,650 sites across India, offering a range of soft and technical services
Recently listed coworking space provider Awfis is selling its facility management business ‘Awfis Care’ to SMS Integrated Facility Services for INR 27.5 Cr ($3.2 Mn) on a slump sales basis.
In an exchange filing, Awfis said it has entered into a business transfer agreement with SMS Integrated Facility for the sale, which is expected to be completed in 120 days.