Swiggy closes Rs 10,000 Cr QIP at nearly 4% discount to floor price

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Swiggy has closed its Rs 10,000 crore qualified institutional placement on December 12 after raising funds from eligible institutional investors. 

In a filing with the stock exchanges, the company said its Investment and Allotment Committee had approved the issuance and allotment of 26.66 croreequity shares at Rs 375 per share. The issue price represents a 3.97% discount to the floor price of Rs 390.51 and includes a premium of Rs 374 per share. 

Swiggy has also finalised allocations to qualified institutional buyers and adopted the placement…



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Swiggy closes Rs 10,000 Cr QIP at nearly 4% discount to floor price


Swiggy has closed its Rs 10,000 crore qualified institutional placement on December 12 after raising funds from eligible institutional investors. 

In a filing with the stock exchanges, the company said its Investment and Allotment Committee had approved the issuance and allotment of 26.66 croreequity shares at Rs 375 per share. The issue price represents a 3.97% discount to the floor price of Rs 390.51 and includes a premium of Rs 374 per share. 

Swiggy has also finalised allocations to qualified institutional buyers and adopted the placement…



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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