Tech
PhysicsWallah increases stake in Utkarsh Classes to 76%
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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…
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