Big investors such as Norges and Fidelity have placed over $15 billion in bids for Swiggy’s upcoming India IPO valued at $1.35 billion. This IPO is set to be one of the country’s biggest stock offerings this year. The company has adjusted its estimated valuation to $11.3 billion after a recent market correction.
Market Wrap: Consumer stocks drag D-Street lower; Sensex sheds 312 pts, Nifty below 23,700
Indian benchmarks indices ended lower on Wednesday, as advances in heavyweight financials and oil and gas firms were offset by losses in consumer stocks. Investors