Groww clients with lively buying and selling accounts can commerce in commodities reminiscent of crude oil, gold, silver and pure gasoline by way of the Multi Commodity Change from 9 am to 11:30 pm, based on data accessible on the inventory broking platform’s web site.
Merchants in India have been more and more exhibiting curiosity in investing in commodities to diversify their portfolios and hedge towards market volatility.
Up to now few months, IPO-bound Groww has launched a number of choices within the capital markets area as a part of its strategic diversification push.
The corporate launched company bonds, Margin Buying and selling Facility, 915 (a pro-traders-focused platform), and W, a wealth administration providing (after buying Fisdom).
At current, Groww has over 18 million lively clients.Final month, Billionbrains Storage Ventures, the father or mother firm of Groww, filed up to date draft papers with Sebi for an Preliminary Public Providing (IPO), with business sources accustomed to the event pegging the difficulty dimension at an estimated Rs 7,000 crore.
The proposed IPO contains a contemporary subject of fairness shares price Rs 1,060 crore together with an Provide For Sale (OFS) element of 574,190,754 fairness shares by promoters and investor shareholders, based on the up to date Draft Pink Herring Prospectus (DRHP).
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