Groww founders sell shares worth Rs 270 crore after lock-in ends
20 May 2026, 11:40 AMCEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
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Groww founders and promoter group entities have sold shares worth around Rs 270 crore over the past week, following the end of the mandatory six-month lock-in period after its listing in November last year.
Between May 12 and May 19, founders Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, along with promoter-linked trusts, sold nearly 0.23% stake in the company. Golden Oak Trust made the biggest transaction by selling shares worth about Rs 132 crore.
Individually, CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
Recently, several early backers of Groww also sold nearly 4.7% stake in the company through bulk deals worth around Rs 5,352 crore after the lock-in period ended.
As per NSE data, close to 29.52 crore shares were traded at an average price of Rs 180.4 apiece. Investors involved in the transaction included Peak XV Partners, Ribbit Capital, YC Holdings, and other institutional shareholders.
Groww shares, which was listed on the bourses, last year have performed strongly and are trading much higher than its listing price.
The Bengaluru-based company also reported strong financial growth in Q4 FY26, with revenue rising to Rs 1,535.5 crore from Rs 849.5 crore a year earlier, while profit after tax stood at Rs 686 crore.
Groww currently leads India’s retail broking market with around 1.3 crore active users and a 28.48% market share as of April 2026, according to NSE data. The company competes with platforms such as Zerodha, Angel One, and Upstox.
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