Groww block deal: Goldman Sachs buys over 1.13 crore shares; details

Shares of Billionbrains Garage Ventures, the parent company of Groww, are expected to remain in focus on Friday, June 5, as the global financial services firm Goldman Sachs on Thursday bought more than 1.13 crore shares from venture capital firm Friale for ₹210 crore through an open market transaction.

Goldman Sachs, through its affiliate Goldman Sachs Bank Europe SE, purchased 1,13,43,750 equity shares, representing a 0.18% stake in the Bengaluru-based trading platform, according to block deal data available on the BSE.

The shares were bought at an average price of ₹185.50 apiece, taking the deal value to ₹210.43 crore.

Meanwhile, Friale offloaded the same number of shares, as per the data.

Shares of Groww rose 0.64% to close at ₹190.05 apiece on the BSE.

On the NSE, the stock ended at ₹190.16, up 0.67%.

Other details

On Monday, markets regulator SEBI approved US-based State Street Global Advisors' (SSGA) proposed stake acquisition in Groww Asset Management (Groww AMC), a wholly-owned subsidiary of Billionbrains Garage Ventures.

Following the proposed transaction, SSGA will acquire shares in Groww AMC and, upon completion of the deal, will hold voting rights of 4.85% and an economic interest of 22.94% in the fully diluted share capital of the asset manager.

Last month, US-based Peak XV Partners, Ribbit Capital, and Y Combinator divested a combined 4.71% stake in Billionbrains Garage Ventures for ₹5,326 crore.

Groww Q4 earnings

In April this year, Billionbrains Garage Ventures reported an over two-fold growth in profit after tax (PAT) to ₹686 crore for the three months ended March 2026.

The company had posted a PAT of ₹309 crore in the same quarter of the preceding fiscal.

Its total income surged 81% year-on-year (YoY) to ₹1,536 crore in the quarter under review from ₹850 crore in the January-March quarter of 2025, Bengaluru-headquartered Groww said in a stock exchange filing.

The firm's total transacting users stood at 2.16 crore at the end of the March quarter, marking a 25% year-on-year (YoY) growth. Its active user base stood at 1.67 crore.

Further, its total customer assets accelerated 36% year-on-year to ₹3 lakh crore.

About Groww

Groww is one of the leading Indian digital investment platforms that allows users to invest in mutual funds, stocks, ETFs, IPOs, and other financial instruments through an app-based interface. Founded in 2016, Groww operates as a direct mutual fund distributor and a stockbroking platform.