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Peak XV, YC, Goldman Sachs Sell Groww Stake

8 Nov

Summary

Three investors sold a 2% stake in Groww for ₹2,457 crore.
Peak XV Partners, Y Combinator, and Goldman Sachs divested shares.
The stake sale occurred on Friday at ₹211.09-215.20 per share.

Peak XV, YC, Goldman Sachs Sell Groww Stake

Peak XV Partners, Y Combinator, and Goldman Sachs have collectively sold a 2% stake in Groww's parent company, Billionbrains Garage Ventures, for ₹2,457 crore. This significant divestment involved over 11.52 crore shares changing hands on Friday, according to stock exchange data.

Individual sales saw Peak XV Partners offload more than 6 crore shares, while Y Combinator disposed of 5.50 crore shares. Goldman Sachs also participated, selling a portion of its holdings. The transactions occurred within a price band of ₹211.09 to ₹215.20 per share.

Interestingly, Goldman Sachs was also a buyer in this transaction, acquiring approximately 3.55 crore shares valued at over ₹764 crore. Despite the large stake sale, the shares of Billionbrains Garage Ventures saw a slight decline on the BSE and NSE by the close of trading.

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