Groww Share Price in Focus: State Street to Invest ₹580 Crore in Groww AMC

On January 16, 2025, Groww share price rose andsurged ~7%, reaching a day high of ₹177.10 at 10:20 AM, after opening in at ₹167.00 on BSE. The gain in Groww share price follows the release of Q3FY26 results, along with the signing of an agreement with State Street. 

The US-based asset management firm State Street Investment Management is set to invest ₹580 crore (approximately $65 million) in Groww Asset Management Limited (Groww AMC), a wholly owned subsidiary of Groww, according to an exchange filing by the company.

Details of the Transaction

Groww AMC serves as the investment manager for Groww Mutual Fund, overseeing a range of mutual fund schemes. As per the filing, the proposed transaction comprises ~₹381 crore through secondary share acquisitions, while ~₹199 crore will be infused as fresh capital.

The investment may result in a dilution of up to 23% in Groww AMC’s share capital, though State Street’s voting rights will be capped at 4.9%. The transaction is expected to be completed within six months.

The filing stated that the capital infusion is intended to meet working capital requirements and support future growth initiatives of Groww AMC.

Groww continued to strengthen its position in the stock broking segment in December 2025, adding 39,500 active demat accounts during the month. This expansion took its total client base to approximately 1.21 crore (12.13 million), enabling the platform to capture a 27.06% market share.

Also Read: Jio Financial Services Share Price in Focus; Total Income Up 101% YoY in Q3 FY26 Results 

Groww Q3FY26 Earnings Highlights

Groww announced its Q3 FY26 results on January 14, 2026. The company reported a 25% year-on-year increase in revenue, reaching ₹1,216 crore during the quarter. However, its profit declined by 28% year-on-year to ₹547 crore over the same period.

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