Mumbai, January 16, 2026 – Shares of Billionbrains Garage Ventures Limited traded sharply higher in early trade on Friday, with the stock gaining over 3 percent during the morning session. The rise in the share price comes after the company recently announced a major investment transaction involving its asset management subsidiary, Groww Asset Management Limited.
Billionbrains Garage Ventures has entered into definitive agreements with State Street Global Advisors for an investment in Groww AMC through a combination of primary and secondary transactions. The total investment size is up to ₹580.03 crore. As part of the transaction, Groww AMC will move from being a wholly owned subsidiary to a subsidiary of the company, while the investor’s voting rights will remain below 5 percent.
The announcement links today’s stock movement with the disclosure of the strategic investment in the asset management business, which remains a key vertical under the Billionbrains Garage Ventures group.
Share Price Snapshot (as of 09:39 AM IST)
| Particulars | Details |
|---|---|
| Share Price | ₹170.56 |
| Change | ₹6.22 |
| Percentage Change | 3.78% |
| Previous Close | ₹164.34 |
| Day’s High | ₹171.25 |
| Day’s Low | ₹166.65 |
| VWAP | ₹169.67 |
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