Goldman Sachs invests Rs.210 crore in Groww; shares rise 4%
New Delhi, June 5 -- Global investment firm Goldman Sachs lapped up shares worth Rs.210 crore of Billionbrains Garage Ventures, parent of discount broking platform Groww, via block deals a day ago, driving the shares of the recently listed stock higher on Friday, 5 June.
According to the data on BSE, Goldman Sachs purchased 1,13,43,750 shares of Groww on 4 June at Rs.185.50 per share, amounting to Rs.210.42 crore. Friale Fund IV LLC, meanwhile, sold the shares of the company. Block deal data was released post-stock market hours on Thursday.
Following this update, shares of Groww jumped over 4% to Rs.198.15 per share in intraday deals today, defying the volatile trend in the Indian stock market. Groww shares have risen in four of the fiv...
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