Physicswallah Limited Approves Investment of INR 120 Crore in Wholly Owned Subsidiary, FinZ Finance
Physicswallah Limited announced on May 27, 2026, that its Audit Committee approved a significant investment into FinZ Finance Private Limited, a wholly owned subsidiary of the company. This investment involves the subscription of shares proposed to be issued on a rights basis.The company plans to subscribe to up to 2,66,66,667 fully paid-up equity shares of face value INR 10 each. The cost of this acquisition is stated to be up to INR 1,20,00,00,015, which includes the consideration for the shares issued at a premium of INR 35 per share. The approximate investment amount stands at INR 120 crore.Investment Details and Business...