Groww grants 149,874 stock options to employees
The options, under the 2024 ESOP scheme, convert to equity shares with Rs. 2 exercise price and a 10-year exercise period from vesting.
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Online investment and stock brokerage platform in India
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In short: Groww won the ET Startup Award 2026, added 2.23 lakh clients in August, and secured a $580-crore investment from State Street.
The options, under the 2024 ESOP scheme, convert to equity shares with Rs. 2 exercise price and a 10-year exercise period from vesting.
All conditions precedent were fulfilled, including regulatory approvals. State Street now holds 4.85% voting rights and 22.94% economic interest in the asset management company.
The IPO includes a fresh issue and an OFS of 1.28 crore shares; Veritas Finance is an MSME-focused NBFC.
The IPO includes a ₹125 crore fresh issue and an OFS of 0.78 crore shares. Proceeds fund a new manufacturing facility and general purposes.
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