{
  "id": 7720310,
  "title": "Groww block deal alert: Shares fall nearly 3% after 10.07 crore shares change hands; Peak XV, Sequoia Capital likely sellers",
  "url": "https://urgent.news/2026/09/16/groww-block-deal-alert-shares-fall-nearly-3-after-10-07-crore-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T03:31:01.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/groww-block-deal-alert-peak-xv-sequoia-capital-likely-to-sell-stake-heres-what-you-should-know/articleshow/134277233.cms"
  },
  "original_language": "en",
  "account": "Billionbrains Garages Ventures, the parent company of Groww, saw its shares drop 2.6% on the BSE, hitting a low of Rs 192, following a block deal that saw 10.07 crore shares exchanged. Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III were reportedly interested in selling their stake through a block deal at a price of Rs 191.45 per share, which was a 3.1% discount to Groww's last closing price. The deal, which could be for up to 1.6% of the company's total shares outstanding, would carry a 30-day lock-up on further sales. In August, 12.74 crore shares of the company changed hands through block deals, representing 2.1% of its equity and valued at Rs 2,500 crore. Jefferies maintains a 'Buy' rating on Groww with a target price of Rs 240 per share, indicating a 22% upside from its previous closing price.",
  "summary": "Billionbrains Garages Ventures shares fell after a large block deal occurred. Peak XV Partners and Sequoia Capital were reportedly selling their stake. Jefferies maintains a Buy rating on the Groww parent company. The brokerage sees significant upside potential from the current stock price. Groww reported strong year-on-year profit growth in its recent quarterly results.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}