India, April 22 -- WeWork Inc is looking to sell its remaining 27% stake in its Indian unit, coworking space provider WeWork India, via an INR 1,200 Cr secondary transaction.

As per an ET report, Enam group's family office, investment fund A91 Partners and CaratLane founder Mithun Sacheti will buy the stake from WeWork Inc.

It is pertinent to note that Embassy Group owns 73% in WeWork India.

"While most of the INR 1,200 Cr is through secondary sale of shares, there may be a primary component. For now, the company is awaiting clearance from the Competition Commission of India (CCI)," the report said, citing a source close to the matter.

WeWork India declined to comment on Inc42's queries on the development.

The development comes month...