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The Economic Times

Veer Sharma

Groww block deal alert: Shares fall nearly 3% after 10.07 crore shares change hands; Peak XV, Sequoia Capital likely sellers

Groww Jefferies Billionbrains Garage Ventures Veer Sharma SEBI

Shares of Billionbrains Garages Ventures, the parent company of Groww, declined 2.6% to their day's low of Rs 192 on the BSE on Wednesday after 1.6% equity or 10.07 crore shares changed hands in a block deal. According to multiple media reports, Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, L.P. were looking to sell their stake through a block deal at a floor price of Rs 191.45 per share.

The Economic Times couldn't verify the buyers and sellers in the transaction.

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