Swiggy Closes INR 10K Cr QIP By Issuing Shares At INR 375 Apiece

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SUMMARY

In an exchange filing, the company said that it allocated the new shares at INR 375 apiece, a discount of about 4% to the floor price of INR 390.5

The QIP saw interest from leading mutual funds like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Kotak Mahindra Mutual Fund

Out of the total capital raised, Swiggy plans to deploy INR 4,475 Cr towards expanding and operating its quick commerce fulfilment network

Listed foodtech giant Swiggy has raised…



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Swiggy Closes INR 10K Cr QIP By Issuing Shares At INR 375 Apiece


SUMMARY

In an exchange filing, the company said that it allocated the new shares at INR 375 apiece, a discount of about 4% to the floor price of INR 390.5

The QIP saw interest from leading mutual funds like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Kotak Mahindra Mutual Fund

Out of the total capital raised, Swiggy plans to deploy INR 4,475 Cr towards expanding and operating its quick commerce fulfilment network

Listed foodtech giant Swiggy has raised…



Source link

Disclaimer

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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