Physics Wallah looks to unwind FinZ lending bet days
Mumbai, June 5 -- After scrapping its on- book lending strategy, Physics Wallah is now exploring ways to recover the Rs.120 crore invested in lending arm FinZ Finance, including a potential sale, loan book transfer and surrender of lending licences, two people familiar with the matter said.
This comes only a week after the edtech company announced the infusion, signalling plans to expand its presence in education financing. On Thursday, however, the firm said it would abandon its on-book lending strategy and instead partner with regulated third-party non-banking financial companies (NBFCs) to offer student financing.
"The long term partners of the firm suggested the company to not diversify into this (lending) segment as they are doing well...
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.