A Mumbai court challenges WeWork India's IPO approval over missing disclosures and promoter benefits, ordering SEBI to respond by Oct. 8, 2025.

A Bombay High Court petition challenges SEBI's approval of WeWork India Management's IPO, alleging material omissions and SEBI's failure to act on investor concerns. Retail investor Vinay Bansal claims the IPO, an Offer for Sale without fresh capital, primarily benefits promoters like Embassy Buildcon LLP, while disclosing the company's negative net worth, persistent losses, and undisclosed legal cases involving promoters. The court has directed SEBI to respond and scheduled a hearing for October 8, 2025.