Groww founders sell shares worth Rs 270 crore after lock-in ends
CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
Explore the latest news, in-depth reports, and executive analysis tagged with #Lalit Keshre.
CEO Lalit Keshre sold shares worth Rs 18.6 crore, while Harsh Jain, Neeraj Singh, and Ishan Bansal also sold part of their holdings.
The development comes less than two years after securing a coveted payments licence, and barely two months after the company going public.
Over the past three years, millions of young investors bought their first stock on Groww. Now, it's listing itself to the very users who made it India’s largest broker.
The public issue comprises a fresh share issuance worth Rs 1,020 crore and an offer for sale (OFS) of around Rs 5,000 crore by existing shareholders.