India's Groww rises after markets regulator clears investment in asset management unit

Billionbrains Garage Ventures

02/06/2026 05:57

** Shares of India's discount brokerage Groww BILO.NS rise 2.04% to 189.50 rupees
** Co says the country's market regulator, SEBI, has approved State Street Global Advisors' proposed investment in Groww Asset Management
** Adds State Street will hold 4.85% voting rights and 22.94% economic interest in Groww AMC upon completion of the deal
** BILO rated "Buy" on average by 8 analysts, median PT at 222.50 rupees - data compiled by LSEG
** YTD, stock up 21.21%

(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))