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Swiggy Closes INR 10K Cr QIP By Issuing Shares At INR 375 Apiece

Summary by Inc42 Media
Listed foodtech giant Swiggy has raised about INR 10,000 Cr (around $1.2 Bn) through its qualified institutional placement (QIP) by issuing 26.7 Cr equity shares. 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. Earlier this week, sources told Inc42 that Swiggy’s QIP saw strong demand and received most of the bids at around INR 375 per share. The Q…
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Inc42 Media broke the news in on Saturday, December 13, 2025.
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