Swiggy Shares Slip 4% During Morning Trade

This comes after the company on Friday (February 21) announced its plans to invest INR 1,000 Cr in its wholly owned subsidiary Scootsy Logistics Pvt Ltd

Following that, the stock closed the previous trading session (February 24) in green. However, its share price was marginally up at the closing yesterday

With a drop in its share price today, Swiggy’s market capitalisation stood at INR 80,847 Cr at 11:26 AM, with more than 52 Lakhs shares exchanged hands by then

Shares of foodtech giant Swiggy slipped almost 4% to…