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The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
The latest stake sale comes about a year after Antfin, an affiliate of Alibaba, made a major exit from Eternal.
The latest deal comes days after another large block transaction on August 28, when nearly 2.95 crore Lenskart shares worth Rs 1,857 crore changed hands at Rs 630 apiece.
The latest sale marks Ribbit Capital’s second major share sale in Groww this year.
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
Paytm clarified that it is not involved in the proposed transaction and the founder’s direct shareholding in Paytm will remain unchanged following the block deal.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The latest sale comes just days after Actis offloaded another 0.86% stake in Pine Labs for about Rs 152 crore.
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
The buyers in the transaction included SBI Mutual Fund and Nippon India Mutual Fund.
This is the second major monetisation by Madison India Capital from its decade-old investment in Pine Labs.
Goldman Sachs, Societe Generale, and Citigroup Global Markets were major participants in the block deal, collectively acquiring a 1.34% stake in Paytm.
