QRG Investments and Holdings Limited, the promoter arm of QRG Group, has made a significant move by offloading 3,67,408 shares of Awfis at Rs 591.17 per share, totaling nearly Rs 22 crore in a bulk deal. The sale has caught the attention of investors as the coworking space sector continues to post impressive growth numbers.
QRG Investments: A Diverse Portfolio
QRG Investments operates as a mid-tier NBFC and manages a wide-ranging portfolio that spans startup investments, listed stocks, venture debt, structured credit, REITs/InvITs, and private businesses across multiple sectors, including healthcare, EVs, and pharmaceuticals. The recent sale of Awfis shares signals a strategic reshuffling of their investments, potentially unlocking liquidity for new opportunities.
Awfis’ Growth Story
The coworking solutions provider Awfis continues to impress with its strong financial performance:
- Revenue from operations: Rs 335 crore in Q1 FY26, up 30% year-on-year from Rs 258 crore in Q1 FY25
- Profit: Rs 10 crore, up 3.5X from Rs 2.8 crore in the same period last year
At its Annual General Meeting, Awfis also reappointed Rajesh Kharabanda as Non-Executive Director, ensuring continuity in leadership as he retires by rotation.
What This Means for Investors
The bulk sale by QRG Investments might raise questions about promoter confidence, but Awfis’ strong revenue and profit growth suggest that the company remains on an upward trajectory.
With the coworking sector rebounding post-pandemic and hybrid work becoming mainstream, Awfis is positioned to expand its footprint and profitability further. Investors are closely watching how the company leverages this momentum to maintain its market leadership.
Key Takeaways
- QRG Investments sold 3.67 lakh shares of Awfis for nearly Rs 22 crore
- Awfis’ Q1 FY26 revenue rose 30% YoY, and profits surged 3.5X
- Leadership continuity maintained with reappointment of Rajesh Kharabanda
This bulk deal reflects active portfolio management by QRG Investments and highlights Awfis’ solid growth fundamentals in the coworking space segment.
