Edtech firm PhysicsWallah has approved the third tranche of its investment in subsidiary Utkarsh Classes & Edutech Private Limited, taking its stake to 75.50%.
In a regulatory disclosure on Monday, the company said its audit committee cleared the acquisition of 25,599 equity shares from existing shareholders. The transaction will raise PhysicsWallah’s holding from 63.25% to 75.50%.
The two firms have been operating under a long-term strategic joint venture since early 2023.
The acquisition is part of a multi-tranche Share Acquisition Terms Agreement…
