2 weeks ago

Groww shares fall 4% on Rs 1,500 crore block deals

Groww shares fall 4% on Rs 1,500 crore block deals
Groww shares fall 4% on Rs 1,500 crore block deals; key details · businesstoday.in

Groww is a company that helps people save and invest money.

People can buy small pieces of Groww, called shares.

On Tuesday, some big investors sold a lot of these shares at once.

Selling many shares at the same time is called a block deal.

Because so many shares were sold, the price of Groww's shares went down.

The shares fell by more than four percent.

One share cost as little as Rs 190.70.

The deals were worth nearly Rs 1,500 crore, which is a huge amount of money.

This made Groww the worst-performing stock in its group that day.

Key facts

Company
Billionbrains Garage Ventures Ltd (Groww)
Share price fall
4.02%
Day's low
Rs 190.70
Block deal value
Nearly Rs 1,500 crore
Shares traded
~7.78 crore
Stake involved
~1.2% of outstanding equity
Trading volume
2.6 times three-month full-day average
Index performance
Worst performer on Nifty Midcap 100

Sources

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