Shareholding22 Sept 2026, 10:35 am
Peak XV Partners Sells 2.66% Stake in Billionbrains Garage Ventures
AI Summary
Peak XV Partners Investments VI-1 has disclosed the sale of 16,69,97,368 equity shares, representing 2.66% of the total share capital, in Billionbrains Garage Ventures Limited. The transactions occurred through open market operations between May 12, 2026, and September 17, 2026. Following the sale, Peak XV Partners Investments VI-1's holding in Billionbrains Garage Ventures has reduced to 14.22% (14.15% on a diluted basis). The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Sequoia Capital Global Growth Fund III – U.S./India Annex Fund, L.P., a PAC, also sold shares and will file a separate disclosure.
Key Highlights
- Peak XV Partners sold 16.7 crore shares, a 2.66% stake.
- The sale occurred via open market transactions.
- Seller's holding reduced to 14.22% post-disposal.
- Disclosure made under SEBI Takeover Regulations.
- Related PAC also involved in share sales.
Price Impact
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