The offer consists of a fresh issue of ₹160 crore and an offer for sale of 12 million shares. The company’s businesses include events catering, casual dining restaurants and cloud kitchens, and banquets and integrated F&B (food and beverage) services.
BofA upgrades Swiggy to buy rating, lists 3 reasons why
Bank of America Securities upgraded Swiggy to buy, citing its stronger balance sheet after a major fundraise, rising cash generation in food delivery, and potential