Swiggy to offer shares at Rs 371-390

Quick Summary:

The IPO values the company at $11.3 billion, with Rs 4,499 crore coming from fresh share issuance and Rs 6,828 crore through an offer for sale.

Swiggy plans to launch an IPO on Nov 6, with a price band of Rs 371-390, aiming to raise Rs 11,327 crore.

Prosus and other investors are selling stakes, while SoftBank retains its shares.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaCanada

Topics: Food delivery Zomato Swiggy shares Swiggy IPO Prosus

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 03:02:08 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23304979

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