India, June 25 -- Adding to its bid to double down on the Singapore market, listed coworking major Smartworks' board has now approved a complete buyout of a Singapore-based startup, WorkStudio.

The acquisition is being undertaken by the company's Singapore-based wholly owned subsidiary and is expected to be completed by July. The company didn't disclose the exact financial terms of the deal as of now.

The acquisition will help "strengthen Smartworks' presence in Singapore by expanding its coworking and flex space portfolio in a key international business hub."

"Since this is an in-principle approval by the company as the holding company, further details are subject to further negotiation and closure of the transaction documents with th...