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

Groww Invest Tech has paid a Rs 34.12 lakh as settlement in a case filed in October last year, markets regulator Securities and Exchange Board of India (Sebi) said on Tuesday.

The case stems from an incident on January 23, 2024, when Groww’s platform suffered a glitch that prevented clients from placing trades. Following this, the company filed for a settlement with Sebi, choosing to resolve the issue “without admitting or denying the findings of facts and conclusions of law”.