M&A

M&A

Edtech co. PhysicsWallah ups stake in test prep player Xylem Learning to 77% for Rs.123-Cr

BSE Announcement   Yourstory  

Noida-based, publicly listed edtech unicorn PhysicsWallah has acquired an additional 12.29% fully diluted equity stake in Kozhikode, Kerala-based Xylem Learning for a cash consideration of INR 122.9 crore, increasing its holding to 77.27%.Xylem Learning was incorporated in December 2020 as a test-preparation business. PhysicsWallah intends to achieve full ownership of Xylem by FY 2029-30.

In JUn 2023, Physics Wallah had acquired a 60.35% stake in Xylem Learning.