Swiggy plans ₹10,000 crore share sale next week

Food deliverer Swiggy Ltd. is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.The company has shortlisted three banks to manage the share sale — the Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Kotak Mahindra Capital Co. — the people said, asking not to be identified because the information is private.Swiggy’s board approved plans on November 7 to raise up to 100 billion rupees ...