Physicswallah to Acquire 10% Stake in BIGPL, Making it Wholly Owned Subsidiary

Physicswallah Limited's Board of Directors has approved the acquisition of 1000 equity shares, representing 10% of Bharat Innovations Global Private Limited (BIGPL), from NSDC International Limited. This transaction will increase Physicswallah's shareholding in BIGPL from 90% to 100%, making BIGPL a wholly owned subsidiary. The acquisition is expected to be completed within six months and involves no cash consideration, stemming from the cancellation of a Shareholders' Agreement. BIGPL is engaged in the education sector, providing online and offline coaching.