Awfis To Sell Facility Management Division To SMS Integrated Facility For INR 27.5 Cr

Awfis To Sell Facility Management Division To SMS Integrated Facility For INR 27.5 Cr

SUMMARY

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. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.