Think Investments acquires 5% of anchor book in PhysicsWallah IPO

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Global investment firm Think Investments has increased its stake in edtech unicorn PhysicsWallah, acquiring around 5% of the anchor portion as the company launched its Rs 3,480 crore initial public offering (IPO) on Tuesday.

“Think Investments wanted to take a larger share of the anchor portion, but that wasn’t feasible as PhysicsWallah’s anchor book was already very crowded,” said a person aware of the matter, adding that the investment firm had requested some secondary buyback.

The firm, via its TIMF Holdings, acquired shares worth about Rs…



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Think Investments acquires 5% of anchor book in PhysicsWallah IPO



Global investment firm Think Investments has increased its stake in edtech unicorn PhysicsWallah, acquiring around 5% of the anchor portion as the company launched its Rs 3,480 crore initial public offering (IPO) on Tuesday.

“Think Investments wanted to take a larger share of the anchor portion, but that wasn’t feasible as PhysicsWallah’s anchor book was already very crowded,” said a person aware of the matter, adding that the investment firm had requested some secondary buyback.

The firm, via its TIMF Holdings, acquired shares worth about Rs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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