Food and grocery delivery firm Swiggy‘s board has approved the company’s proposal to raise Rs 10,000 crore via a qualified institutional placement (QIP), it said in a stock exchange filing on Friday.
The company…
Tech
Swiggy’s board approves Rs 10,000-crore fundraise via QIP
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Synopsis
Food and grocery delivery firm Swiggy’s board has approved a proposal to raise Rs 10,000 crore through a qualified institutional placement. The company will now seek shareholder approval for this significant fundraise. This move follows earlier reports of Swiggy’s plans to secure fresh capital.
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