Groww promoter entities pledge 1.8 crore shares worth Rs 302 crore to Aditya Birla Capital

Three promoter group entities of online stockbroker Groww—Mufasa Trust, Thousand Oaks Trust and Fortune First Trust—have pledged 62.5 lakh shares each to Aditya Birla Capital, as per exchange filings.

The pledges, created on March 13, cover a total of 1.88 crore shares. At that day’s closing price of Rs 161.2, the shares were valued at approximately Rs 302.3 crore.

In the filings, the entities cited personal reasons for the move.