Peak XV Partners and YC Holdings on Friday offloaded shares worth Rs 2,457 crore in Billionbrains Garage Ventures, the parent company of digital investment platform Groww. Meanwhile, promoters of V2 Retail sold shares worth Rs 258 crore through open-market transactions.
Peak XV Partners Investments VI-1 sold 6.02 crore equity shares, representing 0.95 percent of the company's paid-up equity capital, in Groww for Rs 1,295.78 crore at Rs 215.20 per share.
Meanwhile, YC Holdings II, LLC offloaded 5.5 crore shares, equivalent to 0.87 percent of the paid-up equity capital, for Rs 1,160.99 crore. The shares were sold at Rs 211.09 apiece.
Both entities are among the largest public shareholders in Groww's parent company. According to the latest shareholding pattern, Peak XV Partners held a 14.22 percent stake, while US-based startup accelerator Y Combinator, through its affiliates, owned an 8.61 percent stake.
On the buying side, Goldman Sachs Bank Europe SE - ODI acquired 3.55 crore shares in Billionbrains Garage Ventures for Rs 763.58 crore at Rs 215.01 apiece.