Swiggy has successfully raised ₹10,000 crore through a Qualified Institutional Placement (QIP), issuing 26.66 crore shares at ₹375 apiece, marking one of the largest capital raises by an Indian internet company this year. The issue price reflected a ~4% discount to the floor price of ₹390.51, in line with regulatory norms. QIP Oversubscribed 4.5x According … Continue reading Swiggy Closes ₹10,000 Crore QIP at ₹375 Per Share Amid Strong Institutional Demand