Billionbrains SEBI Approves SSGA's 22.94% Groww AMC Stake

Key Event

Securities and Exchange Board of India (SEBI) has taken on record the proposed change in shareholding of Groww Asset Management Limited (Groww AMC), a wholly owned subsidiary of Billionbrains Garage Ventures Limited, pursuant to an investment by State Street Global Advisors, Inc. (SSGA).

Regulatory Status and Approvals

• SEBI communicated its decision on June 1, 2026
• The approval follows previous board approval (January 14, 2026) and Competition Commission of India approval (March 26, 2026)
• SEBI noted no change in control of Groww AMC

Transaction Details

Upon completion of the transaction:

• SSGA will hold 4.85% of voting rights in Groww AMC
• SSGA will hold 22.94% economic interest in the fully diluted share capital of Groww AMC

Entities Involved

• Issuing Company: Billionbrains Garage Ventures Limited (formerly Billionbrains Garage Ventures Private Limited)
• Subsidiary: Groww Asset Management Limited (Groww AMC)
• Investor: State Street Global Advisors, Inc. (SSGA)
• Regulatory Authorities: SEBI, Competition Commission of India

Disclosure Compliance

The information has been made available on the company's website at www.groww.in as required under SEBI Listing Regulations.

Financial Impact

Financial impact not quantified in the disclosure.