India, June 5 -- US-based early stage investment firm Friale yesterday sold 1.13 Cr shares of fintech major Groww in a block deal worth Rs.210.4 Cr.

As per BSE data, Friale, via its Friale Fund IV LLC, sold the shares at Rs.185.5 each to rake in the amount. The shares that flooded the market were lapped up in their entirety by Goldman Sachs for the same amount.

The bulk deal was executed at a discount of nearly 2.4% to the stock's last closing price on Thursday.

This comes nearly a month after early backers such as Peak XV Partners, YC Holdings, Ribbit Capital and others sold a portion of their stakes in the fintech major for a sum of 5,352 Cr via multiple bulk deals. The transactions came post the expiry of the six-month lock-in perio...