New Delhi, Aug. 25 -- Ribbit Capital is looking to sell up to Rs.1,914 crore ($200 million) worth of shares in Groww parent Billionbrains Garage Ventures Ltd through a block deal, according to deal terms seen by Mint, adding to a series of secondary share sales by early investors in the investment platform.

Funds managed by Ribbit will sell up to 98.2 million shares, or about 1.6% of Groww's existing total shares outstanding, at a floor price of Rs.195 a share. The floor price represents a 3.95% discount to Groww's closing price of Rs.203.01 on the National Stock Exchange on 25 August. The final transaction size could be higher if the upsize option is exercised.

J.P. Morgan India Pvt. Ltd is the sole placement agent. The transaction is ...