Top global investors, including SoftBank and KKR, have sold shares worth nearly Rs 18,000 crore in new-age companies, such as Groww and Lenskart, that went public last year through follow-on block and bulk deals in the past eight months after curbs on mandatory holding periods post-listing were eased, an ET analysis of publicly disclosed data on such trades showed.
To be sure, even after the exits, these investors continue to collectively hold stock worth more than Rs 1.18 lakh crore in these companies.
SoftBank, Peak XV Partners, Ribbit Capital, Y Combinator, Tiger Global, Alpha Wave, KKR, Fidelity, Elevation Capital, Accel, the National Investment and Infrastructure Fund (NIIF) and Madison India are among the investors that realised Rs 17,759 crore through follow-on sales across Groww, Lenskart, Ather Energy, Meesho, Urban Company, Pine Labs and Bluestone.
This is in addition to the Rs 11,700 crore worth of shares startup investors sold through offer-for-sale (OFS) components during these companies’ IPOs.
