PhysicsWallah increases stake in Utkarsh Classes to 76%

Share via:



Edtech firm PhysicsWallah on Monday said that it has completed the third tranche of its investment in subsidiary Utkarsh Classes, infusing Rs 26.5 crore to increase its stake from 63.25% to 75.5%.

The deal is part of a share acquisition agreement in February 2023, under which the company aims to gradually acquire full ownership of Utkarsh Classes by March 2028, it said in a filing.

Founded in 2018, Utkarsh Classes operates educational institutions in India and abroad, including schools, colleges, and coaching centres. The company also offers…



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.

Popular

More Like this

PhysicsWallah increases stake in Utkarsh Classes to 76%



Edtech firm PhysicsWallah on Monday said that it has completed the third tranche of its investment in subsidiary Utkarsh Classes, infusing Rs 26.5 crore to increase its stake from 63.25% to 75.5%.

The deal is part of a share acquisition agreement in February 2023, under which the company aims to gradually acquire full ownership of Utkarsh Classes by March 2028, it said in a filing.

Founded in 2018, Utkarsh Classes operates educational institutions in India and abroad, including schools, colleges, and coaching centres. The company also offers…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

These travel influencers don’t want freebies. They’re AI.

Radhika's thick black hair falls in artfully imperfect...

Would you accept this compromise for the 20th anniversary...

There have been persistent rumors that Apple will...

Apple iPhone 16 Pro price slashed by up to...

Flipkart’s End of Season Sale, running from 12...

Popular