The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 20, 2026 for Fortune First Trust
GROWW · price
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Fortune First Trust, part of the promoter group of Billionbrains Garage Ventures Ltd (operator of Groww), has created a pledge on 6,250,000 shares (0.10% of total share capital) in favor of Aditya Birla Capital Limited. The pledge was created on March 13, 2026 for personal reasons. The trust held 20,000,000 shares (0.32% of capital) before the encumbrance. This disclosure has been filed under SEBI SAST Regulations 31(1) and 31(2) regarding creation of encumbrance on promoter group shares.
The pledged quantity is very small at just 0.10% of share capital, so the immediate financial or price impact is limited. However, retail investors should keep an eye on any future disclosure if this pledge is invoked or released, as it could indicate financial stress or a change in the promoter's position.