Awfis to sell 'Awfis Care' to SMS Integrated Facility Services

Awfis Space Solutions announced that it has entered into a Business Transfer Agreement with SMS Integrated Facility Services (SMS) (a Samara Capital company), for the divestiture of its Facility Management division - Awfis Care for a sale consideration of Rs. 27.5 crore. Maple Capital Advisors was the sole advisor to Awfis for this transaction which is expected to be completed within 120 days.