Investors to Offload ₹4,750 Crore Stake in Groww Ahead of Market Trading
Groww shares in focus as Peak XV, Sequoia Capital, others set to offload stake worth Rs 4,750 crore
The Economic TimesImage: The Economic Times
Billionbrains Garage Ventures, the parent company of Groww, will see significant trading activity as investors, including Peak XV and Sequoia Capital, plan to sell shares worth ₹4,750 crore. The sale involves approximately 26.84 crore shares at a floor price of ₹177, reflecting an 8.5% discount to the current market price.
- 01Investors plan to sell shares worth ₹4,750 crore in Groww.
- 02The floor price for the share sale is set at ₹177, an 8.5% discount.
- 03Peak XV is the largest shareholder, holding a 16.88% stake.
- 04The stock is currently trading 94% above its IPO price of ₹100.
- 05A 90-day lock-up period will restrict selling additional shares post-transaction.
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Shares of Billionbrains Garage Ventures, which owns the discount brokerage Groww, are set to attract attention as existing investors plan to offload shares worth ₹4,750 crore. This secondary transaction involves up to 26.84 crore shares, with a floor price fixed at ₹177 per share, representing an 8.5% discount to the current market price of ₹193.70 on the Bombay Stock Exchange (BSE). Among the sellers, Peak XV Partners Investments VI-1 is the largest shareholder with a 16.88% stake, while YC Holdings II, LLC holds 10.08% and Ribbit Capital V L.P. has a 6.90% stake. The share sale will be executed through block trades or large institutional placements on Indian stock exchanges. Notably, the stock is trading nearly 94% above its IPO price of ₹100, which was launched in November 2025. Following the transaction, selling shareholders will face a 90-day lock-up period, preventing them from selling additional shares during that time.
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The share sale could lead to increased market activity and volatility, potentially affecting stock prices for investors and stakeholders in the brokerage sector.
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