New Delhi, Sept. 16 -- Shares of Billionbrains Garage Ventures, which operates the Groww investment platform, came under pressure on Wednesday, 16 September, slipping nearly 4% on the BSE following a sizeable block deal in the counter.

About 10.07 crore shares, representing roughly 1.6% of the company's outstanding equity, were reportedly traded through the block transaction. The deal comes amid reports that Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III - US/India Annex Fund, L.P. were seeking to offload part of their holdings.

Media reports indicated that the shares were offered at a floor price of Rs.191.45 apiece. The reported deal price was at a discount to Billionbrains Garage Ventures' previous closi...