Overview
- Friale sold 1.13 crore Groww shares in a block deal for ₹210.4 crore at ₹185.5 a share, and Goldman Sachs bought the lot.
- The trade followed the expiry of a six-month pre-IPO lock-in that has let multiple early investors sell large parcels of stock through bulk deals.
- Roughly a month earlier, early backers including Peak XV, YC Holdings and Ribbit executed multiple bulk sales that raised about ₹5,352 crore.
- Groww reported strong Q4 FY26 results with net profit up 122% year-on-year to ₹686.4 crore and operating revenue rising 88% to ₹1,505.4 crore, which helped lift valuations.
- Block deals let large holders trade big blocks off the open book to speed execution and limit market disruption, but a run of such sales can still create short-term price volatility as traders absorb supply.