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…