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Shares of Billionbrains Garage Ventures, the parent company of Groww, dropped nearly 7% in Tuesday’s session after reports of a major block deal emerged following the expiry of the six-month shareholder lock-in period.
The stock dropped to Rs. 180.33 on the NSE from its previous close of Rs. 193.52. It opened lower at Rs. 184 and remained under pressure during early trade.
Reports said around 30.91 crore shares, equal to nearly 5.01% equity, changed hands in a block deal worth about Rs. 5,637 crore. The deal was reportedly executed at Rs. 182.3 per share.
Several early investors, including Peak XV, Y Combinator, and Ribbit Capital-linked entities, were expected to reduce their holdings after the lock-in expiry.
Reports earlier estimated the base deal size at around Rs. 4,750 crore, with the final size likely increasing based on investor demand. The transaction reportedly includes a 90-day lock-up clause that prevents participating shareholders from selling additional stakes during the period.
Tuesday also marked the end of the mandatory lock-in period for pre-IPO investors, making nearly 400 crore shares eligible for trading. Market analysts said lock-in expiry only allows shareholders to sell and does not mean all shares will immediately enter the market.
Also Read: Groww Share Price Jumps 10% on Strong Q4 Results: Should You Buy, Sell or Hold?
Groww shares have corrected sharply after touching an all-time high of Rs. 227 in April. The stock has declined nearly 15% over the past week and over 3% over the past month. Despite the fall, the company remains up around 20% year-to-date since its market debut in November 2025.
