PhysicsWallah to raise stake in Sarrthi IAS to 51% for Rs 72 crore

PhysicsWallah’s board approved the second tranche of the acquisition on July 16, along with revisions to the valuation methodology and purchase consideration for this leg of the deal, according to a stock exchange filing. The Noida-based company currently owns 40% of Sarrthi IAS, which is operated by Guiding Light Education Technologies.