Transaction Details
This disclosure serves as an update to previous communications dated January 14, 2026, March 26, 2026, and June 01, 2026, which informed the exchanges about the execution of transaction documents including the Share Subscription and Share Purchase Agreement and Shareholders' Agreement. The transaction involved Billionbrains Garage Ventures Limited (the "Company"), Groww Asset Management Limited ("Groww AMC"), and State Street Global Advisors, Inc. ("SSGA") regarding SSGA's proposed investment in Groww AMC.
Transaction Completion
All conditions precedent and closing conditions under the transaction documents have been duly fulfilled, including receipt of requisite regulatory and other approvals. Accordingly, the transactions contemplated under the initial intimation dated January 14, 2026 have been completed as of August 04, 2026.
Ownership Structure Post-Transaction
Pursuant to the completion of the transaction:
- SSGA holds voting rights aggregating to 4.85% of the fully diluted share capital of Groww AMC
- SSGA holds an economic interest aggregating to 22.94% of the fully diluted share capital of Groww AMC