New Delhi, June 4 -- PhysicsWallah share price surged 18% on Thursday, 4 June, after the edtech company announced a strategic shift in its student lending business by partnering with multiple regulated non-banking financial companies (NBFCs) to cater to student financing needs.

In a stock exchange filing, the company said it has decided to move away from its earlier lending model and will instead collaborate with leading third-party regulated NBFCs. The move is aimed at significantly reducing balance sheet exposure and credit-related risks while continuing to support students through financing solutions.

The announcement comes shortly after PhysicsWallah disclosed an approximately Rs.120 crore equity infusion into its wholly owned subsi...