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SUMMARY
Swiggy has opened its INR 10,000 Cr ($1.2 Bn) qualified institutional placement (QIP) for subscription
The floor price of the issue is set at INR 390.51 per share, a near 2% discount from the company’s closing price of INR 397.95. Besides, the company may offer a discount of up to 5% on the floor price
A minimum of 10% of the issue would be reserved for mutual funds while the remainder would be available for subscription to all eligible QIBs
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