Announced Thu, 16 Jul · 20:03 IST
Physicswallah acquires 11% more in Sarrthi IAS for Rs 71.8 cr
PWL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹135.55
prior close
₹135.62
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.1-2.8-2.9-4.1-1.2-1.3-2.6-1.7-6.3—————
Up moveDown movePending
AI summary
Physicswallah is buying an extra 11% stake in Sarrthi IAS for about Rs 71.8 crore under Tranche II of a deal first disclosed in its IPO prospectus. After this, its holding rises from 40% to 51%, making Sarrthi IAS a subsidiary. Sarrthi IAS offers UPSC and civil services exam coaching. Its FY26 turnover was Rs 76.5 crore against Rs 28.5 crore in FY25, showing strong growth. PW plans to acquire up to 85% in total across six tranches by FY31.
Likely market impact
Step-up to subsidiary status gives PW full control of Sarrthi IAS and consolidates its revenue and profits from FY27 onwards.