Physicswallah raises stake in Xylem Learning to 77.27% via INR 122.9 crore deal
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Physicswallah board approved acquiring 930 equity shares in its subsidiary Xylem Learning for INR 122.9 crore in cash, raising stake from 64.98% to 77.27%. Xylem operates in the education sector, coaching for JEE, NEET and competitive exams. FY25 turnover was INR 3222.61 million. The company aims to complete 100% acquisition by FY 2029-30.
Increases control in education subsidiary. Step toward full ownership by FY30. Cash deal worth about INR 122.9 crore.