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Swiggy raises primary issuance to Rs 4,499 cr, cuts OFS to 175.1 mn shares

Business Standard LogoBusiness Standard2d ago

Swiggy raises primary issuance to Rs 4,499 cr, cuts OFS to 175.1 mn shares - Business Standard

Quick Summary:

Swiggy is expected to finalise its share listing on November 13.

The Bengaluru-based company increased its primary issuance target to Rs 4,499 crore, up from an earlier Rs 3,750 crore shares.

Unlike Zomato, which went public in 2021, Swiggy has taken a more cautious approach.


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Swiggy raises primary issuance to Rs 4,499 cr, cuts OFS to 175.1 mn shares - Business Standard (Picture 1)

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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:23:56 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23324236

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 224 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #49

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