IndiQube To Invest ₹35 Cr In Office Space Developer SaiEdge Realty

Listed coworking space provider IndiQube Spaces’ board has approved an investment of up to ₹35 Cr in SaiEdge Realty to acquire up to a 49% stake. SaiEdge will develop commercial office spaces that IndiQube intends to lease upon completion, the latter said in an exchange filing The investment will be made in cash, in one or more tranches, through subscriptions to equity shares and/or convertible securities. Incorporated on July 28, SaiEdge has a paid-up share capital of ₹1 Lakh and is yet to comm