Wednesday, February 21, 2024
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Groww has recorded 6.63 million active investors while Zerodha has 6.48 million at the end of September 2023

The takeover is expected to be completed in 21-30 days

The IPO, with a price band of Rs 415-436 a share, would open for public subscription from April 3, and the proceeds from the fresh issue would be used towards debt payment, funding working capital requirements and general corporate purposes

The shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore

The initial share sale of KFin Technologies was subscribed 2.59 times last week