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.
Full Article
Lone Congress MP from Gujarat seeks to raise Deesa firecracker factory blast issue in Lok Sabha | Ahmedabad News
The lone Congress MP from Gujarat, Geniben Thakor, has requested permission from the Lok Sabha Speaker to address the blast at a firecracker factory in Banaskantha’s Deesa that claimed the lives of 21 individuals. Thakor criticized the BJP-led government in Gujarat for previous tragedies, urging the formation of a high-level committee to investigate the incident and take strict actions against those accountable. The blast resulted in the death of 21 workers, including children, and injuries...
Read more