India, May 12 -- Shares of Groww tumbled as much as 7% to hit an intraday low of Rs.180.15 today amid weak investor sentiment following reports of a large block deal by early investors and the expiry of the company's six-month post-IPO shareholder lock-in period.

The stock later pared some losses and was trading 3.98% lower at Rs.186 at 12:00 IST. Its market capitalisation stood at Rs.1.16 Lakh Cr (about $12.1 Bn) at the time.

The decline came after reports said that some of Groww's existing investors were looking to offload shares worth up to Rs.4,750 Cr through block deals.

According to reports, investors such as Peak XV Partners, Sequoia Capital, Y Combinator and Ribbit Capital are looking to sell up to 26.84 Cr shares, or around 4....