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Swiggy Limited ( (IN:SWIGGY) ) has issued an announcement.
Swiggy Limited has announced the closure of its Qualified Institutions Placement (QIP) of equity shares, with the Investment & Allotment Committee approving the allocation of over 2.66 billion equity shares at a price of ₹375 each, which is at a discount to the floor price. This strategic move is expected to enhance Swiggy’s financial flexibility and strengthen its market position, potentially impacting its stakeholders positively by providing additional capital for growth and expansion.
More about Swiggy Limited
Swiggy Limited, previously known as Swiggy Private Limited and Bundl Technologies Private Limited, operates in the food delivery industry. It is headquartered in Bengaluru, India, and is known for its online food ordering and delivery services, catering to a wide range of consumers across the country.
Average Trading Volume: 467,602
Technical Sentiment Signal: Strong Sell
Current Market Cap: 988.7B INR
Find detailed analytics on SWIGGY stock on TipRanks’ Stock Analysis page.