Physicswallah's subsidiary, FinZ Finance, is selling a loan portfolio worth ₹95.79 Crore to Auxilo Finserve Private Limited as part of a strategic realignment of its lending operations.
Physicswallah Ltd is acquiring the remaining 10% stake in Bharat Innovations Global Private Limited (BIGPL). The acquisition makes BIGPL a wholly-owned subsidiary at no consideration.
Physicswallah Ltd will acquire an additional 11% stake in Sarrthi IAS for Rs.71.81 Crore. The acquisition increases its holding to 51%, making Sarrthi IAS a subsidiary.
Physicswallah Limited approved a ₹120 Crore equity investment into its wholly owned subsidiary, FinZ Finance. The capital will augment working capital and facilitate business scaling.
