Economy · India
Groww shares tumble 3% after $200 million block sale
A block deal involving about 10.07 crore Groww shares was executed. The shares were sold at roughly a 3% discount to the market price, valued at around $200 million. The report said Peak XV Partners and Sequoia Capital were the likely sellers. Following the trade, Groww’s share price fell close to 3% in intraday trading. Jefferies retained a Buy rating on Groww’s parent company, citing upside potential.
How outlets across the spectrum covered it
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- Centre (3): Business Today, Mint, The Economic Times