Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Swiggy shares fall 5% as 1-month IPO lock-in period ends
short by Debaroti Adhikary / on Wednesday, 11 December, 2024
Shares of Swiggy dropped over 5% in early trade on Wednesday as investors rushed to book profits after the one-month lock-in period for anchor investors expired. This comes after the shares rallied over 1% on Tuesday. Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3% stake in the company, became eligible to trade.
read more at Moneycontrol