Swiggy secures shareholder nod for a potential $1.2 billion IPO
ETtech.com -

Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.Swiggy, which is yet to file its IPO documents with the country’s capital markets regulator Securities and...

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