Successfully completes Rs 10,000 Crore Qualified Institutions Placement - Swiggy Ltd

Code BSE: 544285 NSE:

SWIGGY has completed its Qualified Institutions Placement (QIP) of equity shares, raising INR 10,000 crore. The QIP saw strong and diversified participation from marquee global and domestic institutional investors. Sriharsha Majety, MD & Group CEO, Swiggy Limited, said, " The strong response to our QIP from both global and domestic institutional investors, including new investors since our IPO last year, reflects deep confidence in Swiggy’s business fundamentals, disciplined execution, and long-term value creation roadmap. The additional capital provides us the flexibility to strengthen our core businesses, scale Instamart while maintaining financial prudence, and invest in innovation to continue to deliver unparalleled convenience.”