India's Groww falls after block deals at discount

Billionbrains Garage Ventures

12/05/2026 09:18

** Shares of India's discount brokerage firm Groww BILO.NS fall 3.9% to 186 rupees

** Around 385.7 million shares traded across 104 block deals on NSE at discounts ranging between 3.2% and 6.9% to previous close, data compiled by LSEG shows

** A block deal worth 47.5 billion rupees ($496.6 million) was launched in BILO, CNBC-TV18 reported on Monday, citing sources

** CNBC-TV18 report said existing investors including Peak XV Partners Investments VI-1, Sequoia Capital Global Growth Fund III – U.S./India Annex Fund, Y Combinator's YC Holdings II LLC, and Ribbit Capital entities likely sellers in block deals

** Overall trading vols over 9x the 30-day average

** YTD, BILO up ~19%

   ($1 = 95.6438 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))