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Smartworks Coworking Spaces Limited ( (IN:SMARTWORKS) ) has provided an update.
The Supreme Court of India has dismissed a civil appeal filed by the NGO Infrastructure Watchdog against Smartworks Coworking Spaces Limited, warning the NGO for misleading the judiciary with fabricated documents. This ruling supports the earlier decision by the Securities Appellate Tribunal, which found no merit in the NGO’s claims and confirmed the legitimacy of Smartworks’ documents. Despite the legal challenges, Smartworks’ IPO was highly successful, being oversubscribed 13.45 times, with significant interest from institutional investors, highlighting strong confidence in the company’s governance and growth potential.
More about Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited operates in the coworking industry, providing flexible office spaces primarily in India. The company focuses on offering modern, technology-driven work environments to businesses and professionals, positioning itself as a key player in the rapidly growing coworking sector.
Average Trading Volume: 128,592
See more insights into SMARTWORKS stock on TipRanks’ Stock Analysis page.