Groww stake sale sparks shock as Sequoia and others plan Rs 4750 crore blocks at Rs 177 share

The deal is priced below what investors paid earlier

Groww’s existing investors, including Sequoia Capital and Ribbit Capital, plan to sell equity worth Rs 4,750 crore via block deals with a floor price of Rs 177 per share. The announcement triggered a steep drop in Groww’s stock as traders weighed the impact of large institutional selling at a discount, raising fresh questions on demand and valuations.