Billionbrains Garage Ventures Ltd, the parent company of Groww, has infused ₹104.47 crore into its wholly owned subsidiary Finwizard Technology Pvt Ltd (FTPL) via a rights issue, according to an exchange filing.

The investment forms part of the capital-infusion commitments under the Share Purchase Agreement (SPA) signed on May 16, 2025, aimed at facilitating certain payouts and supporting FTPL’s working-capital needs. Regulatory approvals for the issuance have already been secured.

• Shares Subscribed: 87,384 equity shares
• Issue Price: ₹11,954.94 per share
• Shareholding: Remains 100%

FTPL, Groww’s core operating arm, handles mutual fund distribution, insurance products, AIF units, 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 ended Thursday at ₹159.20, down 0.65%.