PhysicsWallah founders' holdings at over Rs 16,000 crore; WestBridge's stake valued at Rs 2,600 crore
PhysicsWallah, the first edtech to list following Byju’s’ collapse, has created significant paper wealth for its promoters and backers as it debuted at a 33% premium to its issue price.
Cofounders Alakh Pandey and Prateek Maheshwari, who each sold shares worth Rs 190 crore through the offer for sale (OFS), now hold stake valued at over Rs 16,000 crore (each) as the company touched a market capitalisation of around Rs 45,000 crore after listing.
Cofounders Alakh Pandey and Prateek Maheshwari, who each sold shares worth Rs 190 crore through the offer for sale (OFS), now hold stake valued at over Rs 16,000 crore (each) as the company touched a market capitalisation of around Rs 45,000 crore after listing.
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