Acquisitions16 Jul 2026, 08:10 pm
Physicswallah Increases Stake in Sarrthi IAS to 51%, Becomes Subsidiary
AI Summary
Physicswallah Limited has approved the acquisition of an additional 11% stake in Guiding Light Education Technologies Private Limited (Sarrthi IAS) for INR 71.81 crore. This second tranche acquisition will increase Physicswallah's shareholding from 40% to 51%, making Sarrthi IAS a subsidiary. The deal involves revised valuation methodology for this tranche, but other terms remain unchanged. Physicswallah plans to complete further tranches to strengthen its presence in the UPSC and civil services exam preparation segment.
Key Highlights
- Physicswallah to acquire additional 11% stake in Sarrthi IAS.
- Tranche II acquisition cost is INR 71,81,47,100.
- Sarrthi IAS will become a subsidiary upon completion.
- Deal strengthens Physicswallah's presence in civil services coaching.
- Valuation methodology for Tranche II has been revised.
Price Impact
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