Shares of Billionbrains Garage Ventures Ltd., parent company of the trading platform Groww, fell as much as 3% on Wednesday, December 10, after its shareholder lock-in ended.

Groww's one-month shareholder lock-in ended on Wednesday, freeing up close to 150 million shares for trading.

According to Nuvama Alternative & Quantitative Research, as many as 149.2 million shares or 2% of the company's outstanding has freed up for trade with the end of the shareholder lock-in.

Based on Tuesday's closing price, the value of the shares that have freed up for trade is worth ₹2,223 crore.

It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, they just become eligible to be traded.

Another 2% of the company's outstanding or 149

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