Now Reading: Ribbit Capital to sell Rs 1,914 crore stake in Groww
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Ribbit Capital to sell Rs 1,914 crore stake in Groww
Ribbit Capital is set to sell a 1.6% stake in Groww parent Billionbrains Garage Ventures through a block deal worth about Rs 1,914 crore, Livemint and NDTV Profit report. The shares are…
Ribbit Capital is set to sell a 1.6% stake in Groww parent Billionbrains Garage Ventures through a block deal worth about Rs 1,914 crore, Livemint and NDTV Profit report. The shares are being offered at a floor price of Rs 195 each, a 3.95% discount to the closing price of Rs 203.01 on 25 August.
J.P. Morgan India is the sole placement agent. The transaction is entirely secondary, so Groww will not receive any proceeds. The sale follows Y Combinator selling Rs 1,435 crore worth of shares last week, and a larger block deal in May involving up to 4.3% of equity.
Indian Opinion Analysis
Both sources report the same core facts without any slant. The coverage is uniform straight reporting. This is the latest in a series of secondary sales by early investors in Groww, which has seen its market value rise sharply since listing in November 2025. The next item to track is whether the upsize option is exercised and if further lock-in expiries trigger more block deals.
Coverage: 2 sources, 2 neutral
Sources (2): ndtvprofit.com (neutral report), livemint.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
