Edtech company PhysicsWallah has informed stock exchanges that it has divested a 10% equity stake in Bharat Innovations Global Pvt Ltd to NSDC International Ltd, marking a strategic development for the recently established subsidiary.
Following the transaction, Bharat Innovations Global has ceased to be a wholly-owned subsidiary of PhysicsWallah. However, the company continues to hold a majority 90% equity stake, ensuring that Bharat Innovations remains a subsidiary under its corporate structure.
Bharat Innovations Global was incorporated about a year ago and has only recently commenced its core business operations. The partial stake sale is expected to strengthen collaboration with NSDC International, an entity focused on promoting skill development and global workforce mobility.
Despite the dilution, PhysicsWallah retains controlling ownership in Bharat Innovations Global, positioning the subsidiary to pursue its growth plans while benefiting from strategic participation by NSDC International.
The development signals PhysicsWallah’s broader efforts to expand its ecosystem and partnerships as it scales new business verticals through its subsidiaries.