As many as 10.41 crore shares, or 1.69% equity of Groww worth ₹1,999 crore changed hands at ₹192 per share via block deals.
The official buyers and sellers of the transaction are not yet known.
On Tuesday, September 15, CNBC-TV18 had reported citing sources that Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III – US/India Annex Fund, LP were set to sell Groww shares via block deals.
The base offer size was up to 1.6% of the company’s existing total shares outstanding (TSO) worth ₹19.18 crore, sources said. The floor price for the transaction was set at ₹191.45 apiece, sources added.
There would be a 30 day lock up on furth stake sale post the transaction.
At the end of the June quarter, promoter entities held 27.14% stake in the company, while public shareholders held 71.75% stake and shares held by Employee Trust accounted for 1.11%.
Of the public shareholders, Peak XV Partners Investments VI-1 held 15.68% stake in Groww and Sequoia Capital Global Growth Fund III – US/India Annex Fund, LP held 1.46% stake in it.
In a recent note on Tuesday, September 15, Jefferies said that Groww is a better way of playing India’s equity story. As Futures and Options (F&O) form nearly 55% of the company’s topline, Jefferies said that any resolution to the CAS issue will be beneficial for Groww as well.
“We believe the company has several levers to drive a 30% PAT CAGR over financial year 2026-2029 led by 18% growth in its broking business and new initiatives like MTF and wealth management, along with a 10 percentage points margin expansion,” Jefferies said.
The brokerage also added that plans to add US stocks on the Groww platform by the end of financial year 2027, could add another 5% to 9% to Groww’s financial year 2028 earnings estimates.
Jefferies has a “buy” rating on Groww with a price target of ₹240, adding the stock in to its financial outperformers list, where stocks have the potential to grow their operating profit at a 25% CAGR or more over the next three years.
Shares of Groww were trading 2.7% lower at 192.22 apiece at 9.20 am on Wednesday. The stock has increased 23.8% this year, so far. The stock is up 72.8% from its listing price of ₹114 apiece in November 2025 and is up 97% from its issue price of ₹100.
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