Groww Share Price Falls Over 3% As 2.1% Stake Worth ₹2,500 Crore Changes Hands In Block Deals
Add Preferred News Source
Groww shares fall over 3% after 12.74 crore shares worth ₹2,500 crore change hands in block deals, with buyers and sellers yet to be identified.
Shares of Billionbrains Garage Ventures, the parent company of Groww, fell more than 3% on Wednesday, August 26, after 12.74 crore shares, or around 2.1% of the company's equity, changed hands in block deals.
The shares involved in the transactions were worth around ₹2,500 crore. The identities of the buyers and sellers were not immediately known.
The block deals come a day after CNBC-TV18 reported that Ribbit Capital was looking to sell a 1.6% stake in Billionbrains Garage Ventures for around ₹1,914 crore. The shares were being offered at a floor price of ₹195 apiece, according to people familiar with the matter.
The transaction would allow Ribbit Capital to partially monetise its investment in Groww while retaining its remaining stake in the company. As part of the deal terms, Ribbit Capital would be subject to a 30-day lock-up period after the transaction, sources said.
It was not immediately clear whether the entire stake offered by Ribbit Capital was part of Wednesday's block deals.
Groww shareholding pattern
At the end of the June quarter, promoters held 27% of Billionbrains Garage Ventures, while public shareholders owned the remaining 72%, according to stock exchange data.
Ribbit Capital held a 5.64% stake in the company at the end of the quarter.
The potential stake sale comes after a strong run in the stock since its listing, giving early investors an opportunity to sell part of their holdings.
Groww Q1 results
Billionbrains Garage Ventures reported its first-quarter results last month. Revenue was largely unchanged sequentially at ₹1,501 crore, compared with ₹1,505 crore in the previous quarter.
Net profit rose 7% to ₹735 crore, from ₹686 crore in the previous quarter.
The company's EBITDA increased 3.4% to ₹970 crore from ₹938 crore, while EBITDA margin improved to 64.6% from 62.3%.
The results came against a period of continued growth in Groww's business, with the company's profitability and margins remaining in focus following its public listing.
Groww share price
Groww shares were trading at ₹196.50 apiece, down 3.21%, at 12:06 pm on Wednesday, after the block deals. The stock has declined around 11.5% over the past month, but remains 26.5% higher so far in 2026.
The stock was trading only slightly above the ₹195 floor price reported for Ribbit Capital's proposed stake sale.
Also Read - CCI Approves Cyient’s 100% Acquisition Of TAO Digital Solutions
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
Right Tools, Rich Insights
