Groww pumps ₹104 crore into arm FTPL to meet payout and working-capital needs

About this update from Billionbrains Garage Ventures Limited

Groww parent, Billionbrains Garage Ventures Ltd has invested ₹104.47 crore in its wholly owned subsidiary Finwizard Technology Pvt Ltd (FTPL) through a rights issuance, the company said in an exchange filing.The transaction is part of the capital-infusion commitments outlined in the Share Purchase Agreement (SPA) signed with FTPL and other parties on May 16, 2025, requiring the company to provide additional funds to facilitate certain payouts and meet working-capital requirements. FTPL has already secured the requisite regulatory approvals for the issuance, the filing noted.Groww subscribed to 87,384 equity shares of FTPL at ₹11,954.94 per share, keeping its shareholding unchanged as the subsidiary remains 100% owned.FTPL—Groww’s core operating arm—distributes mutual funds, insurance products and AIF units, and also undertakes stockbroking and portfolio-management activities. The subsidiary reported a turnover of ₹1,279 crore in FY25, up from ₹694 crore in FY24.Shares of Billionbrains Garage Ventures Ltd closed at ₹159.20, down 0.65% on Thursday.

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