India, Dec. 18 -- Listed edtech major PhysicsWallah (PW) has increased its stake in Xylem Learning Pvt Ltd to 77.27% with an investment of INR 122.9 Cr. It bought 930 equity shares worth INR 100 (FV) apiece, at a premium of INR 13.2 Lakh.

In a regulatory disclosure today, the Alakh Pandey-led company informed that the acquisition was part of an earlier agreement signed in 2023 to buy up to 100% of Xylem in multiple stages. The latest deal revises the terms and structure of the remaining tranches, including valuation linked conditions. PW said these changes are meant to align the acquisition with its long-term strategy.

Important to mention that it had acquired 50% stake in the Kerala-based company for INR 500 Cr. Since then, it expanded...