#WATCH | 🚨 Decoding Groww’s Massive ₹5,000 Cr+ Block Deal

Added: 2026-05-16

[00:00:00]Big bang block deal indeed at leading well tech firm Grow. In fact, it's one of the few bigger block deals of the year so far. The Grow block deal uh as of now has also been upsized to around $600 million.

[00:00:16]Now, yesterday Moneycontrol broke the story in two parts. Initially, we had in fact indicated that there was the key expiry of the lock-in period for IPO investors and therefore there would be several shares that would be freed up.

[00:00:34]The report had indicated that the promoters would not participate in any potential or possible block trades. Very shortly after that, we broke the story that uh three VC investors, namely Peak XV, Y Combinator, and Ribbit Capital had launched a block deal with a base size of around $500 million.

[00:00:56]And the report had indicated that if required at a later stage, that base size could be upsized. 177 rupees per share, that was the floor price that had been mentioned. Around 4.3% that was the cumulative [music] stake that these three investors were in fact planning to sell. That was uh the content of the report yesterday. Kotak Mahindra Capital and JP Morgan are acting on this block trade. Today, earlier this morning, there was a very key update to that developing story. So, as indicated, the new or the upsized version of the blocks block deal is around $600 million, which means that on the back of greater demand as compared to the initial base size of $500 million, now the block deal at Grow has in fact been upsized [music] to $600 million and it's been executed at 180 rupees per share. That's the latest information that [music] we have picked up from our sources. As far as the investor mix is concerned, what sources are telling us is that it's quite a balanced mix of both >> [music] >> domestic as well as global investors.

[00:02:12]So, you have your domestic mutual funds, the life insurance companies, >> [music] >> sovereign wealth funds, and also the global long only funds. Now, if one looks at the trajectory of the share price of Groww, all the VC investors should be laughing you know, themselves to the bank because they are sitting on stellar returns past this past stake sale. Keep in mind that this is just a past stake sale. It's not a complete exit by these VC investors.

[00:02:40]It's not a clean out trade. The Groww share price has in fact risen by more than 40% in the last 6 months. So, the firm's been one of the new-age companies that has done extremely well post listing.