<ul><li>The Competition Commission of India (CCI) has approved the shareholder restructuring of Groww, which involves the collapse of differential voting rights held by the founders.</li><li>Certain shareholders will acquire additional voting rights, and bonus compulsorily convertible preference shares will be issued to all existing equity shareholders of Groww.</li><li>The pre-IPO financing discussions of Groww include raising approximately $200 million, targeting a valuation of around $6.5 billion.</li><li>Groww reported a consolidated revenue of Rs 3,145 crore for the fiscal year ending March 31, 2024, with significant growth in operational profitability.</li></ul>

CCI clears Groww’s shareholder restructuring as founders surrender special voting privileges

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