IPO-Bound Groww Issues Bonus CCPS To Peak XV, Other Backers

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SUMMARY

The transaction will also result in collapse of the differential voting rights held by Groww cofounders Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal

There was no clarity on the quantum of bonus CCPs allotted to the Groww’s investors, which were issued to existing backers at no extra cost

This comes close on the heels of reports that Groww is looking to file its DRHP with SEBI for a $1 Bn IPO by April-May this year

IPO-bound fintech platform Groww’s parent Billionbrains Garage Ventures Private Ltd has…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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IPO-Bound Groww Issues Bonus CCPS To Peak XV, Other Backers


SUMMARY

The transaction will also result in collapse of the differential voting rights held by Groww cofounders Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal

There was no clarity on the quantum of bonus CCPs allotted to the Groww’s investors, which were issued to existing backers at no extra cost

This comes close on the heels of reports that Groww is looking to file its DRHP with SEBI for a $1 Bn IPO by April-May this year

IPO-bound fintech platform Groww’s parent Billionbrains Garage Ventures Private Ltd has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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