Other Deals - Listed Firms
Digital stock investment platform Groww’s promoters sell stake worth Rs.270-Cr
Bengaluru-based digital brokerage Groww ’s promoter groups, including founders Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, have sold shares worth about Rs.270-Cr in the secondary market. The transaction marks the first major liquidity event for the founders following the expiry of the lock-in period. The divestment involved a cumulative sale of 0.22% of the company's total stake.The promoter group entities involved in the share sale include Golden Oak Trust, Fortune First Trust, Thousand Oaks Trust, and Mufasa Trust, with Golden Oak Trust executing the largest transaction of Rs.132.48-Cr on May 12.Individually, CEO Lalit Keshre sold shares worth Rs.18.62-Cr, COO Harsh Jain offloaded shares for Rs.14.89-Cr, CTO Neeraj Singh sold shares for Rs.11.17-Cr, and CFO Ishan Bansal sold shares for Rs.9.31-Cr.
Between Jul 2018 and Jun 2025, Groww had attracted about $ 595 M from GIC, Iconiq Capital, Alkeon Capital, Lone Pine Capital, Propel Venture Partners, Steadfast Capital, Tiger Global, Y Combinator Continuity Fund, Propel Venture Partners, Insignia Ventures Partners, Others.For FY25, Groww had reported about INR 2,742 Cr in Operating Income and about INR 1,491 Cr in PAT.
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