Page 5 - Groww

Groww to acquire PayU-backed Fisdom in $150 mn wealth management push

Groww to acquire Fisdom for $150 million as part of its wealth management expansion; the IPO-bound firm also plans to raise funds from Singapore-based GIC

Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww

The proposed investment is part of Groww's broader plan to raise $200 million in pre-IPO funding and may double its valuation to $6.5 billion

Groww Invest pays over ₹34 Lakh to settle Sebi case linked to tech glitch

Groww Invest has paid ₹34.12 lakh to settle a Sebi case over a January 2024 tech glitch that left customers unable to trade, drawing a line under the matter without admitting any fault

NSE active clients up 21% in FY25; Groww cements lead with 36% growth

Top four discount brokers command 63.3% market share, up from 62.4% in FY24

Groww launches momentum investing plan tracking Nifty 500 Momentum 50

Scheme will allocate its assets primarily to constituents of the Nifty 500 Momentum 50 Index

Groww taps five banks for $1 billion IPO, plans draft filing by April

Groww targets a $1 billion IPO with a potential $10 billion valuation, enlisting five top banks for the process. Draft filings expected by April, listing by FY26

Groww picks JPMorgan for IPO to raise $750 mn, may seek $7 bn valuation

Billionbrains Garage Ventures behind financial services platform Groww Invest Tech Pvt Ltd could proceed with an IPO this year, seizing on the momentum for share sales in India

Groww MF launches first-ever ETF tracking Indian railways PSU Index

This ETF replicates the Nifty India Railways PSU Index-TRI, featuring PSUs vital to the railways sector, covering infrastructure, financial services, logistics, and technology

Fintech firm Groww eyes IPO in 2025, seeks $6-8 billion valuation

The company, which is the largest broker and also the biggest mutual fund (MF) distributor, plans to raise around $700 million (around Rs 6,000 crore)

Groww in talks to launch IPO, looks to raise $700 mn for $7-8 bn valuation

Groww recently shifted its headquarters from the US to India less than a year ago, a relocation that incurred the fintech a tax expense of Rs 1,340 crore

Cred-owned Spenny eyes stock broking licence to rival Zerodha, Groww

With 13 million users, Kunal Shah's Cred looks to diversify revenues, complementing payments, lending, and wealth management services

Waaree Energies IPO subscribed 3.3x on day 1; Groww FY24 topline doubles

The Rs 5,430-crore IPO of Afcons Infrastructure, a Shapoorji Pallonji group firm, will open for subscription on Friday

Looking for alternatives to invest in gold? Groww MF floats new ETF

The Groww Gold ETF aims to mirror the local price of physical gold, providing investors with the opportunity to invest in gold bullion with a purity of 99.5%

CDSL pays Rs 1.3 cr to settle allegations of violation of Sebi directives

Stock broker Groww on Tuesday announced safeguards and measures to protect F&O traders from potential losses, making it one of the firsts to implement curbs at broker level

Groww Mutual Fund lists Nifty EV & New Age Automotive ETF on NSE

This is Groww Mutual Fund's first live ETF, which is available for trading with most brokers and investment platforms

Groww MF launches ETF & FoF based on Nifty EV & New Age Automotive Index

Investment schemes will help investors 'capitalise on future of electric mobility and related technologies', says company

Groww Asset Management, trustee settle case with Sebi; pay Rs 9 lakh

Groww Asset Management Ltd (formerly known as Indiabulls Asset Management Company Ltd) and its trustee have settled with markets watchdog Sebi a case pertaining to alleged violation of regulatory norms after paying Rs 9 lakh. This came after the applicants -- Groww Asset Management Company and Groww Trustee Ltd (earlier known as Indiabulls Trustee Company Ltd) -- proposed to settle the alleged violation by "neither admitting nor denying the findings of fact". "It is hereby ordered that any proceedings that maybe initiated for the violations...are settled in respect of the applicants," the Securities and Exchange Board of India (Sebi) said in its settlement order passed on June 28. The applicants have submitted that on account of change in control of Indiabulls Asset Management Company and Indiabulls Trustee due to the acquisition of these entities by Nextbillion Technology Pvt Ltd, the entities are now known as Groww Asset Management and Groww Trustee with effect from May 3, 2023.

Groww files for Nifty EV & New Age Automotive FOF with SEBI

The scheme aims to generate long-term capital growth by investing in securities that are part of the Nifty EV & New Age Automotive Index

Groww's active client base tops 10 mn; becomes 1st broker co to attain feat

Zerodha Broking, which is the country's most profitable brokerage, has UCCs of 7.51 million, cornering an 18 per cent market share

Mutual fund investment platforms face ire over delay in unit allotment

Zerodha says issue at payment aggregator, Groww cites delay in money movement