SSGA's Investment in Groww AMC is Completed; Holds 22.94% Economic Interest
Billionbrains Garage Ventures Limited has confirmed the completion of a proposed investment transaction involving State Street Global Advisors, Inc. (SSGA) and Groww Asset Management Limited (Groww AMC). The transaction fulfills all necessary conditions precedent under the executed agreements.The completed transaction involved Billionbrains Garage Ventures Limited, SSGA, and Groww AMC following shareholder subscription and share purchase agreement documentation.
Following the completion of this investment, SSGA holds a significant stake in Groww AMC. SSGA's holding stands at 4.85% voting rights and an economic interest aggregating to 22.94% of the fully diluted share capital of Groww AMC.
GROWW Stock Price Movement
Billionbrains Garage Ventures Limited shares today slipped by 0.66% to settle at ₹191.33. The stock traded a total volume of 28.77 million shares in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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