Transaction Details

  • Date of Intimation Received: 8th September, 2026 at 07:02 p.m.
  • Transaction Type: Conversion of Optionally Convertible Debentures (OCDs) into equity shares
  • Number of OCDs Converted: 8,708
  • Equity Shares Allotted: 16,02,011 equity shares
  • Total Value: Rs. 85.00 Crore
  • Percentage Stake Acquired: 2.48% of equity share capital of StockGro

Target Entity Information

  • Name: Assetgro Fintech Private Limited (StockGro)
  • Industry: Fintech
  • Business Description: India's first platform to integrate investment advisory via expert (RA/RIAs) marketplace, knowledge dissemination, and social community-led interaction between multiple registered advisors (RAs and RIAs) and users within a single ecosystem

Financial Performance of Target Entity

  • FY26 Turnover: Rs. 231.10 Crore
  • FY25 Turnover: Rs. 125.51 Crore
  • FY24 Turnover: Rs. 99.00 Crore

Transaction Specifics

  • Related Party Transaction: No
  • Promoter/Promoter Group Interest: None
  • Government/Regulatory Approvals: Not Applicable
  • Completion Time: Conversion completed on 8th September, 2026
  • Consideration Type: Conversion of OCDs into equity shares (no cash consideration)
  • Cost of Acquisition: Rs. 85.00 Crore for 16,02,011 equity shares

Purpose and Impact

Investment made in the fast-growing target entity for the purpose of capital return in future with an aim to leverage media assets owned by the Acquirer Company.