Swiggy's ₹10,000 Cr QIP Draws Top Investors; Shares in Focus Today

• Swiggy completed a Qualified Institutions Placement (QIP) to raise 10,000 crore rupees.
• Shares were allotted at Rs 375 per share, attracting over 80 bidders and 61 investors, including 15+ new shareholders.
• Major domestic and global investors participated, including top Indian mutual funds, insurance companies, Capital Group, GIC, BlackRock, and Goldman Sachs Asset Management.
• Funds will primarily strengthen Swiggy's quick commerce business (Instamart), expand dark stores, and invest in technology, marketing, and potential acquisitions.
• The CEO stated the strong investor response reflects confidence in Swiggy's business fundamentals and long-term growth.

Why It Matters: Swiggy's massive QIP funding boosts its market position and future growth prospects.