State Street to Invest Rs 580 Crore for Minority Stake in Groww AMC

Overview

• State Street Investment Management will invest up to Rs 580 crore in Groww AMC through a mix of about Rs 381 crore in secondary shares and nearly Rs 199 crore in new equity.
• The deal implies dilution of up to 23% of Groww AMC’s fully diluted share capital, with State Street holding a maximum 4.99% of voting rights after closing.
• Completion depends on regulatory approvals, with the parties targeting closure by September 2026.
• After the transaction, Groww AMC will no longer be a wholly owned subsidiary of Billionbrains Garage Ventures but will remain a subsidiary.
• Groww says the partnership will help build quantitative and index capabilities for Indian investors, and it reported AUM of Rs 4,118.8 crore with about 1.2 million unique investors as of December 2025.