Swiggy IPO’s anchor investment bids to open tomorrow

Quick Summary:

Swiggy plans to list on the domestic bourses on Monday, November 13, after completing the book-building process this week.

Prosus, one of its largest stakeholders, is seeing a gain of 197% and is expected to take home a whopping Rs 4,255 crore in the process as it tenders 109 million shares.

It is likely to take home Rs 412 crore through this sale.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Band Crore Swiggy November Process Shares Equity Privacy Upper Policy Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 11:01:36 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 255 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23393713

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