PhysicsWallah raises stake in Utkarsh Classes to 75.5%

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Edtech firm PhysicsWallah has approved the third tranche of its investment in subsidiary Utkarsh Classes & Edutech Private Limited, taking its stake to 75.50%.

In a regulatory disclosure on Monday, the company said its audit committee cleared the acquisition of 25,599 equity shares from existing shareholders. The transaction will raise PhysicsWallah’s holding from 63.25% to 75.50%.

The two firms have been operating under a long-term strategic joint venture since early 2023.

The acquisition is part of a multi-tranche Share Acquisition Terms Agreement…



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PhysicsWallah raises stake in Utkarsh Classes to 75.5%


Edtech firm PhysicsWallah has approved the third tranche of its investment in subsidiary Utkarsh Classes & Edutech Private Limited, taking its stake to 75.50%.

In a regulatory disclosure on Monday, the company said its audit committee cleared the acquisition of 25,599 equity shares from existing shareholders. The transaction will raise PhysicsWallah’s holding from 63.25% to 75.50%.

The two firms have been operating under a long-term strategic joint venture since early 2023.

The acquisition is part of a multi-tranche Share Acquisition Terms Agreement…



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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