Tech
Swiggy Closes INR 10K Cr QIP By Issuing Shares At INR 375 Apiece
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SUMMARY
In an exchange filing, the company said that it allocated the new shares at INR 375 apiece, a discount of about 4% to the floor price of INR 390.5
The QIP saw interest from leading mutual funds like SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Kotak Mahindra Mutual Fund
Out of the total capital raised, Swiggy plans to deploy INR 4,475 Cr towards expanding and operating its quick commerce fulfilment network
Listed foodtech giant Swiggy
has raised…
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