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Swiggy has opened its INR 10,000 Cr ($1.2 Bn) qualified institutional placement (QIP) for subscription
The floor price of the issue is set at INR 390.51 per share, a near 2% discount from the company’s closing price of INR 397.95. Besides, the company may offer a discount of up to 5% on the floor price
A minimum of 10% of the issue would be reserved for mutual funds while the remainder would be available for subscription to all eligible QIBs
A day after receiving…
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Swiggy has opened its INR 10,000 Cr ($1.2 Bn) qualified institutional placement (QIP) for subscription
The floor price of the issue is set at INR 390.51 per share, a near 2% discount from the company’s closing price of INR 397.95. Besides, the company may offer a discount of up to 5% on the floor price
A minimum of 10% of the issue would be reserved for mutual funds while the remainder would be available for subscription to all eligible QIBs
A day after receiving…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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