Billionbrains Garage Ventures Merger & Restructuring Worth ₹580 Cr
Billionbrains Garage Ventures completed the stake sale in its subsidiary Groww AMC to SSGA for ₹580.03 Crore. The transaction gives SSGA a 22.94% economic interest.
- Value
- ₹580.0 Cr
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Billionbrains Garage Ventures completed the stake sale in its subsidiary Groww AMC to SSGA for ₹580.03 Crore. The transaction gives SSGA a 22.94% economic interest.
Billionbrains Garage Ventures Limited completed the transaction involving State Street Global Advisors' investment in its subsidiary, Groww Asset Management Limited. SSGA now holds 22.94% economic interest.
SEBI has approved SSGA's investment in Groww Asset Management Limited. SSGA will hold 4.85% voting rights and a 22.94% economic interest in the subsidiary.