India, July 16 -- Listed edtech major PhysicsWallah (PW) has acquired an additional 11% stake in UPSC coaching institute Sarrthi IAS for a cash consideration of Rs.71.81 Cr, increasing its holding in the company from 40% to 51%.

The acquisition is part of the shareholders' agreement and share purchase agreement PW signed with Sarrthi IAS and its promoters on September 2, 2025, to acquire up to 85% of the company's fully diluted equity share capital in six tranches between FY26 and FY31.

The second tranche comprises the purchase of 1,100 equity shares, representing an additional 11% stake in Sarrthi IAS. PW said the transaction would strengthen its presence in the UPSC and civil services examination preparation segment.

Inc42 had report...