India, June 15 -- Shares of Smartworks rose 5% to reach an intraday high of Rs.471.80 following the company announcing plans to expand presence in the international market.

The coworking space provider announced that it was opening a new managed office space in Singapore's Central Business District at Manulife Tower. The new centre would cater to GCCs and Fortune 500 companies.

The 15,000 sq ft space is Smartworks' third centre in Singapore and brings the company's total footprint in the country to over 50,000 sq ft.

"Singapore has always been a strategic priority for Smartworks - a gateway to Asia's most dynamic business community and a market where the demand for fully serviced workspace continues to grow strongly," MD and CEO Neetis...