Goldman Sachs subsidiary buys shares of Rs 210 cr in Groww parent company
New Delhi, June 5: Goldman Sachs Bank Europe SE, the subsidiary of Goldman Sachs, has acquired shares worth more than Rs 210 crore in Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, through an open market transaction yesterday.
The subsidiary of Goldman Sachs purchased 1.13 crore equity shares, representing a 0.18 per cent stake in Billionbrains Garage Ventures, for Rs 210.4 crore, according to exchange data.
The shares were acquired from Friale Fund IV LLC at a transaction price of Rs 185.50 per share.
Shares of Billionbrains Garage Ventures rose 0.67 per cent to Rs 190.16 on the National Stock Exchange.
The stock has largely traded within a narrow Rs 183-193 range since mid-May amid subdued volumes.
Separately, shares of Go Digit General Insurance witnessed significant trading activity following a Rs 100 crore block deal.
Aditya Birla Sun Life Mutual Fund acquired 21.66 lakh shares worth Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund purchased 11.66 lakh shares valued at Rs 35 crore.
The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded 33.33 lakh shares, equivalent to a 0.36 per cent stake, at Rs 300 per share.
In another transaction, Kedaara Capital Public Markets Fund I acquired an additional two lakh shares, or 0.11 per cent stake, in Inventurus Knowledge Solutions for Rs 33.09 crore.
The shares were purchased from Scott Hayworth at Rs 1,654.90 per share. The latest deal follows a similar transaction in the previous trading session involving 1.55 lakh shares.
