PhysicsWallah sells ₹95.79 crore loan portfolio to Auxilo Finserve
In short
PhysicsWallah sold a loan portfolio worth ₹95.79 crore to NBFC Auxilo Finserve. The report says this came after PhysicsWallah had set up FinZ Finance as its in-house lending arm.
This matters because it changes how PhysicsWallah handles lending. The report does not say why the portfolio was sold or what happens to FinZ Finance now.
What the reporting says
PhysicsWallah sold a loan portfolio worth ₹95.79 crore to NBFC Auxilo Finserve, according to the headline and source summary. The reporting says the move came after PhysicsWallah had positioned FinZ Finance as its in-house lending arm. The available material does not state why the portfolio was sold or what effect it will have on FinZ Finance.
Why it matters
PhysicsWallah sold a loan portfolio worth ₹95.79 crore to Auxilo Finserve, according to the headline and summary. The source adds that the move comes after PhysicsWallah positioned FinZ Finance as its in-house lending arm. The reporting does not explain the sale's purpose, whether it was a bulk transfer, or any impact on borrowers or balance-sheet strategy.