Swiggy Launches ₹10,000 Crore QIP, Indicative Price ₹371/Share

• Swiggy launched a ₹10,000 crore Qualified Institutional Placement (QIP).
• The indicative QIP price is ₹371 per share, a 6.8% discount to the last closing price.
• The floor price for the issue was set at ₹390.51 per equity share.
• Swiggy's board approved raising up to ₹10,000 crore via QIP in November to bolster growth capital.

Why It Matters: Swiggy is raising ₹10,000 crore to fuel its growth and competitive edge.