PhysicsWallah To Sell ₹96 Cr Loan Portfolio To Auxilo Amid Lending Retreat

by · Inc42

SUMMARY

  • PhysicsWallah’s wholly owned subsidiary FinZ Finance has signed an agreement to sell a ₹95.79 Cr loan portfolio to education-focused NBFC Auxilo Finserve
  • The sale advances PhysicsWallah’s retreat from direct student lending, freeing up capital and reducing credit exposure as it focuses on its core education business
  • The transition is expected to conclude within 60 days and result in a partial closure of FinZ Finance’s lending operations