Trade Unlisted is not regulated by the Securities and Exchange Board of India (SEBI). Investments in unlisted securities involve significant risk, including the risk of complete loss of capital. The filing of a Draft Red Herring Prospectus (DRHP) does not guarantee that an Initial Public Offering (IPO) will occur. Unlisted securities are inherently illiquid, price discovery may be limited, and exit opportunities may not materialize.
Trade Unlisted provides news, insights, and general market information for informational and educational purposes only. The content should not be construed as financial, investment, legal, or tax advice. Trade Unlisted does not act as a broker, investment advisor, fiduciary, or intermediary, and does not endorse, recommend, solicit, or validate any investment opportunity. Users are solely responsible for conducting their own independent due diligence before making any financial or investment decisions.
All information is derived from publicly available sources and market observations. While reasonable care is taken in preparing content, Trade Unlisted makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of the information provided. Users should independently verify all information prior to relying on it.
Groww Allocates 10 Crore Shares to Employee Welfare Trust Under ESOP Scheme
Billionbrains Garage Ventures Limited, the parent company of Groww, has allotted 10 crore equity shares to the Groww Employee Welfare Trust.
The allotment was approved by the Nomination and Remuneration Committee on March 6, 2026.
The shares were issued under the company’s Employee Stock Option Scheme (ESOP) 2024 to support employee stock-based incentives.
Key details of the allotment:
- Total shares allotted: 10,00,00,000 equity shares
- Face value: ₹2 per share
- Status: Fully paid-up shares
- Allotted to: Groww Employee Welfare Trust
The Employee Welfare Trust will hold these shares and transfer them to eligible employees when they exercise their stock options under the ESOP scheme.
Impact on share capital:
- Paid-up share capital increased from ₹1,234,71,93,262 to ₹1,254,71,93,262.
- Total number of equity shares rose from 617,35,96,631 to 627,35,96,631 shares.
The face value of each share remains ₹2 after the allotment.
The company made the allotment in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Groww has also informed the stock exchanges about the development as part of its regulatory disclosure requirements.
Comments