New Delhi, Nov 7 (PTI) Peak XV Partners, Y Combinator and Goldman Sachs have sold a combined 2 per cent

New Delhi, Nov 7 (PTI) Peak XV Partners, Y Combinator and Goldman Sachs have sold a combined 2 per cent

New Delhi, Nov 7 (PTI) Peak XV Partners, Y Combinator and Goldman Sachs have sold a combined 2 per cent

New Delhi, Nov 7 (PTI) Peak XV Partners, Y Combinator and Goldman Sachs have sold a combined 2 per cent stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 2,457 crore, according to bulk deal data on the BSE and NSE.

    The three investors offloaded more than 11.52 crore shares, representing a combined 1.84 per cent stake in Groww on Friday, as per the data.

    US-based Peak XV Partners, through its arm Peak XV Partners Investments VI-1, sold more than 6 crore shares, and Goldman Sachs divested 4,380 shares of Groww on the National Stock Exchange (NSE).

    In addition, Y Combinator, through its arm YC Holdings II, LLC, disposed of 5.50 crore shares on the BSE.

    The shares were disposed of in the price range of Rs 211.09-215.20 apiece, taking the combined deal value to Rs 2,456.87 crore.

    Meanwhile, Goldman Sachs purchased 3.55 crore shares worth over Rs 764 crore.

    Details of other buyers of Groww's shares could not be identified on the exchanges.

    Billionbrains Garage Ventures' shares fell 3.87 per cent to close at Rs 215 apiece on the BSE, while the scrip declined 3.66 per cent to settle at Rs 215.70 per share on the NSE.

    In August, Y Combinator sold a 1.2 per cent stake in Groww for Rs 1,435 crore.

(This story has not been edited by THE WEEK and is auto-generated from PTI)