Think Investments infuses Rs 136 crore in PhysicsWallah
Global investment firm Think Investments acquired a 0.41% stake in edtech unicorn PhysicsWallah for approximately Rs 136 crore through a secondary share transaction completed on November 4, days before the company’s Rs 3,480-crore IPO scheduled to open on November 11.
The $3-billion investment firm purchased 10.72 million shares from 14 PhysicsWallah employees at Rs 127 apiece—17% higher than the IPO’s upper price band of Rs 109 per share, as per a public announcement filed by the company.
