Shares of Billionbrains Garage Ventures, the parent company of stockbroker Groww, declined 2.6% to ₹192 on Wednesday after a significant block deal occurred. According to The Economic Times, 1.6% equity or 10.07 crore shares changed hands at a floor price of ₹191.45 per share, representing a 3.1% discount to Groww's last closing price. The base offer was for up to 1.6% of Billionbrains Garage Ventures' existing total shares outstanding, with the deal size amounting to ₹19.18 crore. Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III were reportedly selling their stakes through this block deal, with shares sold carrying a 30-day lock-up on further sales. As per Business Standard, Peak XV Partners Investments VI-1, an affiliate of the venture capital firm, offloaded 9,17,14,208 shares, representing a 1.46% stake in the Bengaluru-based trading platform at an average price of ₹191.49 per share, taking the aggregate value to ₹1,756.23 crore. The sale brought down Peak XV Partners' stake in Billionbrains Garage Ventures to 14.22% from 15.68%, with the venture capital firm and its affiliates continuing to be the largest public shareholder in Groww.
Shares of Groww's parent company fell 2.6% to ₹192 after opening lower and extending their decline for the second consecutive session. The stock's performance reflects investor reaction to the significant block deal activity by major venture capital firms. This follows a previous decline of 3.96% to ₹189.76 after Peak XV Partners' earlier stake sale on September 17. On Thursday, shares of Billionbrains Garage Ventures rose marginally to trade at ₹190.14 apiece on the National Stock Exchange, as reported by Business Standard.
Groww Mutual Fund acquired 4.75 lakh shares, representing a 0.6% stake in Kanohar Electricals, the power transformer maker, for ₹35.2 crore. According to Moneycontrol, the shares were purchased at ₹740.38 apiece. The stock rallied 18.9 percent to ₹751.5 on the National Stock Exchange, compared with its issue price of ₹632.
Despite the recent block deal activity, Groww reported robust financial results with net profit increasing 7% sequentially from ₹686 crore and EBITDA rising 101% year-on-year to ₹971 crore from ₹483 crore. The company added 115,000 net clients during the June quarter, strengthening its market leadership across key segments despite industry-wide slowdown. Jefferies maintains a Buy rating on the stock, expecting Groww to deliver a 30% PAT CAGR over FY26-29, driven by 18% growth in broking business and new initiatives including margin trading facility and wealth management. Billionbrains Garage Ventures in July reported a 94% rise in net profit to ₹735 crore in the June 2026 quarter, compared to ₹378 crore in the year-ago period, as per Business Standard.
Glass Wall Systems shares surged 18% to end at ₹214.85 on the listing day, reflecting positive market response to the strategic investments by multiple institutional investors. The transaction activity across these companies demonstrates continued institutional interest in the Indian stock market despite recent volatility in some sectors. Jefferies estimates that Groww's addition of US stocks later in FY27 could contribute 5-9% to FY28 earnings, with the brokerage seeing significant upside potential from the current stock price. The latest transaction adds to a series of stake sales by early investors in Groww this year, including startup accelerator Y Combinator selling nearly a 1.2% stake for ₹1,435 crore in August and Friale offloading more than 1.13 crore shares for ₹210 crore in June, as reported by Business Standard.
