PhysicsWallah sells ₹95.79 crore student-loan book to Auxilo
In short
PhysicsWallah’s FinZ Finance has agreed to sell a ₹95.79 crore loan book to Auxilo Finserve. The company is leaving direct student lending.
This matters because it changes who handles these education loans and reduces PhysicsWallah’s lending exposure. The reporting does not say the final sale terms or what will happen to borrowers.
What the reporting says
PhysicsWallah’s FinZ Finance agreed to sell a ₹95.79 crore loan portfolio to Auxilo Finserve and exit direct student lending. The publisher-supplied summaries say the buyer is an education-focused NBFC, and that the move marks PhysicsWallah’s withdrawal from this lending business. The reporting does not state the sale price terms, whether the portfolio is fully transferred, or any impact on borrowers.
Why it matters
PhysicsWallah’s wholly owned subsidiary FinZ Finance agreed to sell a ₹95.79 crore loan portfolio to Auxilo Finserve and exit direct student lending. The publisher-supplied summaries describe Auxilo as an education-focused NBFC. This affects PhysicsWallah’s financial-services exposure and Auxilo’s loan book, but the reporting does not say whether the transfer is complete or what terms were agreed.