Groww Shares Climb 3% as SEBI Greenlights State Street Global Advisors' Strategic Investment in Groww AMC

Shares of $GROWW rains Garage Ventures Ltd, the parent company of popular fintech platform Groww, rose around 3% on Tuesday following regulatory approval from the Securities and Exchange Board of India (SEBI) for US-based State Street Global Advisors' (SSGA) stake acquisition in its asset management arm. The development marks a significant milestone for Groww as it deepens its presence in the fast-growing Indian mutual fund industry through a partnership with one of the world's largest asset managers.