Billionbrains Garage Ventures Approves INR 580 Crores Investment in Groww Asset Management

Billionbrains Garage Ventures Ltd. has approved the unaudited financial results for the quarter and nine months ended December 31, 2025. The Board also approved the acquisition of further shares in Groww Asset Management Limited, a wholly owned non-material subsidiary. A Share Subscription and Share Purchase Agreement (SSPA) and Shareholders’ Agreement (SHA) have been executed between the Company, Groww Asset Management Limited, and State Street Global Advisors, Inc. for an investment into Groww AMC. The Buyer will invest up to INR 5,80,02,72,855 for a secondary purchase and primary subscription of shares, resulting in a dilution of up to 23% of the fully diluted share capital of Groww AMC. Upon completion of the Proposed Transaction, the Buyer will not hold more than 4.99% of the aggregate voting power of the Groww AMC.