Groww Raises INR 2,984.5 Cr From Anchor Investors

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SUMMARY

Anchor investors subscribed to 29.84 Cr equity shares of the company at a price of INR 100 apiece

In this, 13.90 Cr equity shares, or 46.6% of the anchor round, were lapped up by 17 domestic mutual funds, including HDFC, Kotak, SBI, Axis Bank, Aditya Birla Sun Life, Motilal Oswal, and Mirae Asset

Other investors who participated in the anchor round included Goldman Sachs, Societe Generale, ADIA, Government of Singapore, MIT, Steadview Capital

Fintech major Groww has raised INR 2,984.5 Cr from anchor investors as its…



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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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Groww Raises INR 2,984.5 Cr From Anchor Investors


SUMMARY

Anchor investors subscribed to 29.84 Cr equity shares of the company at a price of INR 100 apiece

In this, 13.90 Cr equity shares, or 46.6% of the anchor round, were lapped up by 17 domestic mutual funds, including HDFC, Kotak, SBI, Axis Bank, Aditya Birla Sun Life, Motilal Oswal, and Mirae Asset

Other investors who participated in the anchor round included Goldman Sachs, Societe Generale, ADIA, Government of Singapore, MIT, Steadview Capital

Fintech major Groww has raised INR 2,984.5 Cr from anchor investors as its…



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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