Swiggy to launch Rs 10,000 crore share sale next week: Report

The company has shortlisted three banks to manage the share sale — the Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Swiggy’s board approved plans on Nov. 7 to raise up to Rs 10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval. The timing and size of the deal could still change, the people said. Swiggy, Citigroup, JPMorgan, and Kotak Mahindra didn’t immediately respond to requests for comment. as a Reliable and Trusted News SourceAd ...