Swiggy shareholders greenlight $1.2 Bn IPO

Bengaluru-based food delivery giant Swiggy has secured approval from its shareholders for an initial public offering (IPO) worth INR 10,414.1 Cr. The fresh development comes on the heels of Swiggy converting into a public limited company. The startup’s name was changed from ‘Swiggy Private Limited’ to ’Swiggy Limited’ by deletion of the word ‘private’ from its company name.

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