After Lock-In Expiry, Backers Sell Groww Shares Worth ₹5,326 Cr

by · Inc42

SUMMARY

  • As per NSE data, Peak XV Partners, Ribbit Capital and Y Combinator together sold 29.52 Cr shares at an average selling price of ₹180.43, raking in the sum
  • While Ribbit Capital, via its two funds, dumped 14.2 Cr shares for ₹2,567.1 Cr, Peak XV and Y Combinator offloaded stock worth ₹1,116.4 Cr and ₹1,642.3 Cr, respectively
  • The transactions came alongside the expiry of Groww’s six-month post-IPO lock-in period, which made nearly 418.2 Cr shares eligible for trading starting today