Groww Slides 7% Amid Block Deal Buzz, Lock-In Expiry

by · Inc42

SUMMARY

  • Shares of Groww tumbled as much as 7% to hit an intraday low of ₹180.15 today
  • The decline came after reports said that some of Groww’s existing investors were looking to offload shares worth up to ₹4,750 Cr through block deals
  • 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