Groww parent Billionbrains shares dip nearly 4% after 10.07 crore block sale

Shares of Billionbrains Garage Ventures, the firm behind the Groww investment app, fell almost 4% on the Bombay Stock Exchange on Wednesday, 16 September following a sizable block transaction. The deal moved roughly 10.07 crore shares, which is about 1.6% of the company’s total equity. Reports say the sellers were Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III – US/India Annex Fund, L.P., each looking to trim a portion of their stake. Media sources noted the shares were offered at a floor price, though the exact figure was not disclosed.