Physicswallah Invests ₹120 Cr in FinZ Finance Subsidiary

Physicswallah Ltd has announced an investment of approximately ₹120 crore in its wholly-owned subsidiary, FinZ Finance Private Limited, through subscription to 2,66,66,667 equity shares at ₹10 each, issued on a rights basis. The investment aims to augment the working capital and facilitate the expansion of FinZ Finance's business operations. FinZ Finance, incorporated on July 2, 2024, holds an NBFC license from RBI and is engaged in leasing, hire purchase, and finance. The transaction is considered a related party transaction and is conducted at arm's length.