PhysicsWallah Reverses Course On Student Lending; Shares Surge Nearly 18%

by · Inc42

SUMMARY

  • PhysicsWallah Limited has scrapped its plan to extend student loans through its wholly owned NBFC subsidiary, FinZ Finance, and will instead partner with regulated third-party NBFCs
  • The company said the move is aimed at reducing balance sheet exposure and credit risk, shifting to an asset-light model for student financing
  • Following the announcement, shares of PhysicsWallah rose as much as 17.8% to ₹108.45 on the BSE