PhysicsWallah has increased its stake in Xylem Learning Pvt Ltd to 77.27% with an investment of INR 122.9 Cr. It bought 930 equity shares worth INR 100 (FV) apiece, at a premium of INR 13.2 Lakh
The company said that the acquisition was part of an earlier agreement signed in 2023 to buy up to 100% of Xylem in multiple stages
The company had acquired 50% stake in the Kerala-based company for INR 500 Cr. Since then, it expanded its stake in the subsidiary to 64.98%.
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