Swiggy opens QIP, sets floor price at Rs 390.51 per share

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Food and grocery delivery company Swiggy said that its board has approved the launch of its qualified institutional placement (QIP), through which it is looking to raise Rs 10,000 crore, according to a filing with the exchanges. Shareholders of the company had cleared the fundraise on Monday.

The company has set a floor price of Rs 390.51 per share for the placement, which is a 2% discount to its Tuesday closing price of Rs 397.95 on the BSE. Swiggy had gone public in November last year at a price of Rs 390 per share.

At the floor price, Swiggy will be…



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Swiggy opens QIP, sets floor price at Rs 390.51 per share



Food and grocery delivery company Swiggy said that its board has approved the launch of its qualified institutional placement (QIP), through which it is looking to raise Rs 10,000 crore, according to a filing with the exchanges. Shareholders of the company had cleared the fundraise on Monday.

The company has set a floor price of Rs 390.51 per share for the placement, which is a 2% discount to its Tuesday closing price of Rs 397.95 on the BSE. Swiggy had gone public in November last year at a price of Rs 390 per share.

At the floor price, Swiggy will be…



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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