The Swiggy Board of Directors approved the investment by way of rights issue, whereby Swiggy would subscribe to equity shares of Scootsy Logistics for an amount up to ₹1,000 crore.
Here are some of the stocks that may see significant price movement today: Welspun Corp, Swiggy, Welspun Enterprises, etc.
In November 2023, Swiggy acquired Team Mumbai in the World Pickleball League (WPBL), India's first global franchise-based pickleball league.
Swiggy has successfully launched the Bolt service, allowing consumers to receive food in as little as ten minutes.
Andhra Pradesh and Telangana lead in Bolt adoption, followed by Haryana, Tamil Nadu, Gujarat, West Bengal, Rajasthan, and Punjab.
Swiggy gave its workers a huge opportunity to build wealth by unlocking almost Rs 9,000 crore in ESOP value.
There are serious concerns about profitability since investors are growing more leery of tech businesses that take a long time to report profitable results.
The company raised ₹5,085.02 Crore from institutional investors through an anchor book launched on November 5.
Up until November 8, the public can subscribe for the company's shares at a price between Rs 371 and Rs 390.
The price band for Swiggy's IPO is set between ₹371 to ₹390 per equity share.
Invest wise with Expert advice
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