I have downloaded 115489_Pega73-U file for Pega 7.3 PE. After downloading i have extracted files, after which i couldnt find file install.bat for installing. Is 7.3 installation different with respect to earlier versions.
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Based on the zip file name (115489_Pega73-U) that doesn't look like personal edition to me, that looks like update media for the full version of Pega, in which case it will not have an install script. You'll either need to get personal edition or the full install media for 7.3.