NSESale or disposal4 Aug 2026 · 4 Aug 2026, 04:29 pm
Sale or disposal
Billionbrains Garage Ventures Limited · GROWW
✦ AI SummaryFundraise
Billionbrains Garage Ventures Limited has informed the Exchange about the update on proposed investment by State Street Global Advisors, Inc. in Groww Asset Management Limited (Subsidiary). The conditions precedent and closing conditions under the transaction documents have been fulfilled, and the transactions have been completed. State Street Global Advisors, Inc. now holds 4.85% voting rights and 22.94% economic interest in Groww Asset Management Limited.
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Full Announcement
Billionbrains Garage Ventures Limited has informed the Exchange about the update on proposed investment by State Street Global Advisors, Inc. in Groww Asset Management Limited (Subsidiary) is annexed herewith.
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BILLIONBRAINS_04082026162849_SSGA_SD.pdf
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August 04, 2026
To, To,
The Listing Department, The Listing Department
BSE Limited, National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400001 Mumbai – 400051
Scrip code: 544603 Symbol: GROWW
Dear Sir / Madam,
Sub: Update on Proposed Investment in Groww Asset Management Limited
This is in furtherance to our letter dated January 14, 2026, March 26, 2026 and June 01, 2026,
whereby we had informed the Stock Exchanges regarding the execution of the Share Subscription
and Share Purchase Agreement, Shareholders' Agreement and other relevant documents involving
Billionbrains Garage Ventures Limited ("Company"), Groww Asset Management Limited ("Groww
AMC") and State Street Global Advisors, Inc. ("SSGA") in relation to SSGA's proposed investment
in Groww AMC (‘Proposed Transaction’).
We are pleased to inform you that all conditions precedent and closing conditions under the
transaction documents have been duly fulfilled, including receipt of the requisite regulatory and
other approvals. Accordingly, the transactions contemplated under the intimation dated January
14, 2026 have been completed.
Pursuant to completion of the Proposed Transaction, SSGA holds voting rights aggregating to
4.85% and an economic interest aggregating to 22.94% of the fully diluted share capital of Groww
AMC.
The above disclosure is being made pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015. In compliance with the aforesaid regulation, the
aforesaid information is also being made available on the Company's website i.e. www.groww.in.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Billionbrains Garage Ventures Limited
(Formerly known as Billionbrains Garage Ventures Private Limited)
Roshan Dave
Company Secretary and Compliance Officer
Billionbrains Garage Ventures Limited (Formerly known as Billionbrains Garage Ventures Private Limited)
Registered Office:
Vaishnavi Tech Park, South Tower, 3rd Floor, Survey No.16/1 and 17/2, Ambalipura Village, Varthur Hobli, Bellandur, Bangalore, Bangalore South, Karnataka, India,
560103
W: www.groww.in E:corp.secretarial@groww.in T: +91 80-69601300 CIN: L72900KA2018PLC109343