India, Oct. 1 -- Awfis' pre-IPO investor VBAP Holdings offloaded the coworking space provider's shares worth INR 56.8 Cr in a block deal yesterday. The investor sold 9.96 Lakh shares at INR 570.12 apiece.

VBAP Holdings held 42.17 Lakh shares, or 5.92% stake, of the company at the end of the June quarter. The investor has been gradually offloading its stake in Awfis. VBAP Holdings held 62.53 Lakh shares, or 9.46% stake, of the coworking space provider at the time of its listing in May 2024.

This was the second block deal for Awfis in recent days. On September 25, QRG Investments and Holdings sold 3.67 Lakh shares of the company at INR 591.17 apiece for a total of INR 21.7 Cr.

Despite the block deals, the coworking space provider's share...