Shares of Groww's parent company, Billionbrains Garage Ventures, fell around 3% on Tuesday after equity worth ₹2,500 crore changed hands in a block deal, according to a CNBC-TV18 report.

CNBC-TV18 had earlier reported, citing sources, that Ribbit Capital had launched a block deal to sell a 1.6% stake in Billionbrains Garage Ventures for ₹1,914 crore. Ribbit Capital was the likely seller in Tuesday's transaction. Ribbit is a US-based venture capital firm focused on financial technology and has been an early backer of Groww; block sales of this kind are a common way for venture investors to trim holdings after a company goes public.

A block deal is a large, negotiated trade typically executed on a dedicated exchange window, in which a minimum quantity of shares is traded between two parties at an agreed price. Such deals often involve institutional investors or major shareholders adjusting their positions. Billionbrains Garage Ventures listed on the Indian stock exchanges in November 2024, making it one of the few listed fintech broking platforms in the country.

Groww is one of India's leading retail broking platforms, offering services such as stock trading, mutual funds, and exchange-traded funds through its app. Billionbrains Garage Ventures is the listed parent entity of Groww.

For further details, see CNBC-TV18's earlier report on the block deal: Ribbit Capital looks to sell ₹1,914 crore worth of Groww shares via block deal.