Swiggy will issue fresh shares at around Rs 375 apiece for its Rs 10,000-crore qualified institutional placement (QIP), people with direct knowledge of the exercise told ET. The Rs 375 pricing for Swiggy’s QIP is a 6 percennt discount to its Wednesday’s closing price of Rs 396.50 on the BSE. At this price, the Bengaluru-based company will dilute around 9.6 percentof its stake.Swiggy will issue fresh shares at around Rs 375 apiece for its Rs 10,000-crore qualified institutional placement (QIP), people with direct knowledge of the exercise told ET. The Rs 375 pricing for Swiggy’s QIP is a 6 percennt discount to its Wednesday’s closing price of Rs 396.50 on the BSE. At this price, the Bengaluru-based company will dilute around 9.6 percentof its stake.
Swiggy’s Rs 10,000-crore QIP gets 4.5x subscription; most bids around Rs 375 per share, sources say
