Peak XV Sells ₹1,756 Cr Groww Stake; Groww MF Buys Kanohar

Peak XV Partners sold 9.17 crore shares of Billionbrains Garage Ventures, the parent company of Groww, for ₹1,756.2 crore through an open-market transaction. The deal involved a 1.46% stake and came as Groww's parent company shares declined nearly 4% in trade. Peak XV Partners Investments VI-1 sold the shares at ₹191.49 apiece, reducing part of its 15.68% holding in Billionbrains Garage Ventures. Separately, Groww Mutual Fund acquired 4.75 lakh shares of Kanohar Electricals, representing a 0.6% stake, for ₹35.2 crore at ₹740.38 per share. Kanohar Electricals shares gained nearly 19% to ₹751.50 on the NSE, compared with its issue price of ₹632. The bulk deals also included transactions in Glass Wall Systems, where First Bridge India Growth Fund acquired an additional 0.68% stake for ₹12 crore. The transactions highlight fresh institutional activity across recently listed and growth-oriented companies.