₹2,500 crore Groww block deal knocks shares down 3%
What's the deal? Some 12.74 crore shares — 2.1% of Billionbrains Garage VenturesDealroom has a profile for this one. Try Dealroom →, the parent of Indian brokerage Groww — changed hands in block deals on Wednesday, August 26, worth ₹2,500 crore. The stock fell 3.2% to ₹196.45 at 10:15 IST. Buyers and sellers were not officially confirmed.
Who's likely selling? CNBC-TV18 reported on Tuesday, citing sources, that Ribbit Capital had launched a block deal for a 1.6% stake worth ₹1,914 crore, offered at a floor price of ₹195 per share. The move would let the investor partially cash out while keeping the rest of its holding.
By the numbers: Ribbit held a 5.64% stake at the end of the June quarter. Promoters held 27% and public shareholders 72%. Under the deal terms, Ribbit would face a 30-day lock-up afterwards, sources said.
The financials: Groww reported first-quarter revenue flat at ₹1,501 crore, down slightly from ₹1,505 crore. Net profit rose 7% to ₹735 crore, and EBITDA climbed 3.4% to ₹970 crore. EBITDA margins widened to 64.6% from 62.3%.
The signal: The sale caps a strong year for Groww shares, up 26.5% in 2025 despite a 11.5% slide over the past month. Early backers trimming stakes soon after a listing is a familiar pattern — a way to lock in gains while betting the growth story still has room to run.
Read more: cnbctv18.com
Image credit: Artem Beliaikin
