PhysicsWallah Acquires Majority Stake In Sarrthi IAS For ₹72 Cr

by · Inc42

SUMMARY

  • PhysicsWallah has acquired an additional 11% stake in UPSC coaching institute Sarrthi IAS for a cash consideration of ₹71.81 Cr, increasing its holding in the company from 40% to 51%
  • PW said the transaction would strengthen its presence in the UPSC and civil services examination preparation segment
  • The second tranche comprises the purchase of 1,100 equity shares, representing an additional 11% stake in Sarrthi IAS