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

Billionbrains Garage Ventures Ltd. announced the outcome of its board meeting, where it approved the unaudited standalone and consolidated 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, and the execution of the Share Subscription and Share Purchase Agreement. The proposed transaction involves an investment of 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 transaction, the buyer will not hold more than 4.99% of the aggregate voting power of the Groww AMC.