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CCI clears Groww’s bonus share issue, ends founders’ special rights ahead of IPO

  • The Competition Commission of India has approved Groww's proposal to issue bonus shares to existing investors.
  • Groww, which is preparing for its IPO, will remove the special voting rights of its founders.
  • Certain shareholders will acquire additional voting rights, and Groww will issue bonus shares to existing equity investors.
  • The company is in talks to raise $200 million ahead of the IPO, with a projected valuation of $6 billion to $8 billion.

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