Billionbrains Garage Ventures Limited, the parent company of Groww, is set to witness a major block deal on May 12, 2026, as four prominent investors plan to offload more than 4% stake in the company through secondary share sales.
According to the term sheet, Peak XV, Sequoia, Y Combinator, and Ribbit will collectively sell up to 26.84 million shares, representing nearly 4.3% of the company’s existing total outstanding shares (TSO).
The proposed transaction will be executed via one or more share sales on the screen-based trading platforms of Indian stock exchanges.
Groww Block Deal Details
The offer floor price for the transaction has been fixed at ₹177 per share, which represents an 8.5% discount to Groww’s last closing price of ₹193.52 on the National Stock Exchange (NSE) as of May 11, 2026.
At the floor price, the total base offer size is estimated at nearly ₹4,750 crore (around $498 million).
The transaction is entirely secondary in nature, meaning the proceeds from the share sale will go to the existing investors and not to the company.
Investors Participating in the Block Deal
The following investors are participating in the proposed stake sale:
Peak XV
- Peak XV Partners Investments VI-1
Sequoia
- Sequoia Capital Global Growth Fund III – U.S./India Annex Fund, L.P.
Y Combinator
Rebound
- Ribbit Capital V L.P.
- Ribbit Cayman GW Holdings V, Ltd.
- GW-E Ribbit Opportunity V, LLC
Kotak Securities Limited and J.P. Morgan India Private Limited are acting as placement agents for the transaction.
Key Transaction Highlights
- Offer floor price: ₹177 per share
- Discount to last close: 8.5%
- Shares on offer: Up to 26.84 million shares
- Stake sale size: Approximately 4.3%
- Estimated deal value: Around ₹4,750 crore
- Nature of transaction: 100% secondary sale
- Lock-up period: 90 days
The books for the transaction are expected to close around 7:00 AM IST on May 12, 2026, with the trade date scheduled for May 12 and settlement expected on May 13, 2026.
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