The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ribbit Capital V L.P.
GROWW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ribbit Capital V, L.P., a non-promoter shareholder, sold 79,376,985 equity shares (1.27% stake) in Billionbrains Garage Ventures Ltd through an open market block trade on May 12, 2026. The sale reduced their holding from 6.90% (433.19 million shares) to 5.64% (353.81 million shares). Ribbit Capital explicitly confirmed they are not part of the promoter or promoter group. The transaction represents a notable reduction in a significant shareholders position, with the entity falling below the 6% threshold.
This is a sale by a non-promoter investor, so it does not directly signal promoter sentiment. However, a reduction of 1.27% by a major shareholder may create mild overhang concerns for other investors, though the seller being a VC fund (Ribbit Capital) making a partial exit is not uncommon.