Swiggy’s IPO worth Rs 11,324 crore is open until November 8, with a price range of Rs 371-390 per share and a minimum lot size of 38 shares. Institutional investors like Accel India and Norwest Venture Partners are selling portions of their holdings, with the funds supporting debt repayment and expansion. Despite being unprofitable, Swiggy’s growth potential in the quick commerce sector makes the IPO attractive for long-term investors.
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About the AuthorTOI World DeskTOI World Desk comprises experienced journalists and writers dedicated to delivering timely news and diverse perspectives on global events. Committed to accuracy and depth, the team aims to provide readers with a nuanced understanding of international affairs, exploring stories that impact the interconnected world. Need More Context? 🔎
Read moreThe Supreme Court has instructed the Karnataka government to facilitate the screening of Kamal Haasan's film "Thug Life" and take action against those hindering its release. The court underscored the importance of protecting artistic expression, emphasizing the state's role in safeguarding freedom of expression in the face of perceived offenses. Need More Context? 🔎
Read moreViswashkumar Ramesh, the sole survivor of the Air India 171 crash, mourned his younger brother Ajay during emotional last rites in their Diu village. Despite his miraculous escape, Viswash is deeply traumatized by the loss, struggling to cope with his brother's death while his family expresses gratitude for his survival amidst their grief. Need More Context? 🔎
Read moreDenny generated AI Image NEW DELHI: The Indian government will make Indian Standard Time (IST) the mandatory time reference for all activities, urging banks, stock exchanges, and critical infrastructure sectors to stop using GPS and other systems. This initiative, backed by the Consumer Affairs Ministry and the National Physical Laboratory, aims to enhance cybersecurity and ensure accurate timekeeping through an indigenous system utilizing atomic clocks. Need More Context? 🔎
Read moreDenny generated AI Image NEW DELHI: Today's assembly bypolls across five seats in Gujarat, Kerala, West Bengal, and Punjab are significant as they follow India's recent military response to terrorism. The contests, particularly in Nilambur and Kaliganj, are seen as crucial for the Congress, TMC, and AAP, with implications for upcoming state elections and the broader political landscape. Need More Context? 🔎
Read moreFollowing the AI 171 crash, Air India's Boeing 787 flights are facing decreased demand, resulting in lower fares compared to competitors on routes to Europe, the UK, the Far East, and Australia. Passengers are increasingly choosing alternatives, including one-stop flights, due to ongoing safety concerns despite other airlines operating B787s on these routes. Need More Context? 🔎
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