Startup accelerator Y Combinator on Tuesday divested nearly a 1.2% stake in Billionbrains Garage Ventures, the parent company of Groww, for Rs 1,435 crore through an open market transaction.
US-based Y Combinator through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19% stake in Bengaluru-based Groww, as per the bulk deal data on the BSE.
The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore.
After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44% from 8.63 %.
Details of the buyers of Billionbrains Garage Ventures' shares could not be ascertained on the exchange.
Shares of Billionbrains Garage Ventures settled 2.52% lower at Rs 193.70 apiece on the BSE on Tuesday.
In May, Y Combinator sold a 1.45% stake in Billionbrains Garage Ventures for Rs 1,642 crore through an open market transaction.
Billionbrains Garage Ventures reported a 94 per cent rise in its net profit to Rs 735 crore for the quarter ended June 30, 2026.
The Bengaluru-based stockbroker had reported a net profit of Rs 378 crore in the year-ago period.
Groww, the country's largest broking firm by active investors, reported a 66 per cent increase in consolidated revenue from operations to Rs 1,501 crore in Q1 FY27, compared to Rs 904 crore in the year-ago period.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.