Groww shares slide as Rs 5,637 crore stake sale kicks off
Groww shares slide as Rs 5,637 crore stake sale kicks off
Block deal by Peak XV, Sequoia and others triggers stock drop as IPO lock-in expires, with a floor price set and large insider selling underway.
Groww's parent Billionbrains Garage Ventures saw its stock drop as much as 7% after it announced a Rs 5,637 crore stake sale by existing investors through the exchange-based block deal rout…
Groww's parent Billionbrains Garage Ventures saw its stock drop as much as 7% after it announced a Rs 5,637 crore stake sale by existing investors through the exchange-based block deal route. The move comes as Groww braces for the expiry of its IPO lock-in period.
The floor price for the deal is
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