India, March 25 -- About two months after coworking space provider WeWork India filed its IPO papers with SEBI, the markets regulator has kept its document in 'abeyance'.

In its latest update on IPO papers, SEBI said "issuance of observations kept in abeyance" for the coworking startup's draft papers. However, it didn't provide any additional details or reasons.

In the context of SEBI, "kept in abeyance" means that the regulator's observations on draft papers are temporarily put on hold, usually pending investigation or regulatory action.

As per WeWork India's DRHP, its proposed IPO would comprise an offer-for-sale component of about 4.3 Cr equity shares with a face value of INR 10 each. While promoter group Embassy Buildcon LLP will s...