Swiggy grants indemnity to SoftBank, Accel & Prosus directors

Swiggy has granted indemnity to board members representing investors SoftBank, Accel and Prosus, as per its draft IPO filing. The indemnity will protect the directors from any failure or lapses in Swiggy's compliance with laws. Prosus is the largest pre-IPO shareholder in Swiggy with a 30.95% stake, while SoftBank and Accel hold 7.75% and 6.08% stakes, respectively.