The transaction involved 4.7 crore PhysicsWallah shares and was executed at an average price of ₹117.72 apiece.
ICICI Prudential Mutual Fund was the biggest disclosed buyer, purchasing 2.2 crore shares, or about 0.8% of the company, for ₹259 crore.
Goldman Sachs Fund bought 61.23 lakh shares, equivalent to a 0.2% stake, for ₹72.1 crore, while Tata AIA Life Insurance acquired 33.98 lakh shares, or 0.1%, for ₹40 crore.
The three disclosed buyers together picked up about 3.15 crore shares, accounting for roughly two-thirds of the shares sold by Lightspeed in the transaction.
Promoter entities held 71% of PhysicsWallah at the end of the June quarter, while public shareholders owned the remaining 29%, according to exchange data.
The block deal comes weeks after PhysicsWallah reported a narrower first-quarter loss, helped by higher revenue. Its consolidated net loss fell to ₹77.6 crore from ₹120.5 crore a year earlier, while revenue rose to ₹1,054 crore from ₹847.1 crore.
Operating performance was weaker, however. EBITDA declined to ₹56.9 crore from ₹76.3 crore in the year-earlier period.PhysicsWallah has also been expanding through acquisitions. Last month, its board approved the purchase of an additional 11% stake in Guiding Light Education Technologies Pvt. Ltd., which operates Sarrthi IAS, for ₹71.81 crore.
The edtech company had entered into agreements with Sarrthi IAS and its promoters on September 2, 2025, to acquire as much as 85% of the company’s fully diluted share capital in six tranches through fiscal 2031.
PhysicsWallah shares ended the previous session little changed at ₹121.40. The stock has fallen 1.4% over the past month and is down 8.5% so far this year.
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First Published: Aug 26, 2026 9:08 AM IST
