Hindustan Composites is investing Rs 5.17 crore to acquire 1,50,000 shares in Swiggy, aiming for quick gains ahead of the food delivery company's upcoming IPO.
Set to close by November 30, 2024, this move positions Hindustan Composites to capitalize on Swiggy's anticipated IPO, which aims to raise Rs 3,750 crore through new equity and Rs 6,664 crore from an offer for sale. Recent investments from Amitabh Bachchan’s family office and Raamdeo Agrawal add to the buzz.