Tech
Think Investments acquires 5% of anchor book in PhysicsWallah IPO
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Global investment firm Think Investments has increased its stake in edtech unicorn PhysicsWallah, acquiring around 5% of the anchor portion as the company launched its Rs 3,480 crore initial public offering (IPO) on Tuesday.
“Think Investments wanted to take a larger share of the anchor portion, but that wasn’t feasible as PhysicsWallah’s anchor book was already very crowded,” said a person aware of the matter, adding that the investment firm had requested some secondary buyback.
The firm, via its TIMF Holdings, acquired shares worth about Rs…
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