PhysicsWallah sells loan portfolio worth ₹95.79 crore to NBFC Auxilo Finserve
- FinZ Finance agreed to sell a ₹95.79 Cr loan portfolio to Auxilo Finserve
- The sale marks a lending retreat at PhysicsWallah and shifts the portfolio to Auxilo Finserve
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Company · PWL
Physicswallah▲ +43% net tone today
₹131.10 · +9.10% on Mon, 5 Oct · −2.4% in 5 days- PhysicsWallah sold a ₹95.8 crore loan portfolio to Auxilo Finserve
- The company plans to partially close its lending operations
- PhysicsWallah shares rose 4% on the lending-operations closure plan
Often with, this weekAuxilo Finserve2NBFCs2Digital lending1Motilal Oswal Financial Services1Pine Labs1
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Deal●
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PhysicsWallah sells ₹95.8 cr loan portfolio, partially shuts lending ops
- PhysicsWallah sold a ₹95.8 cr loan portfolio to Auxilo Finserve
- The company plans to move lending activities to established third-party NBFCs