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Swiggy’s fundraise to bring its reserves closer to Eternal

Source: financialexpress.com financialexpress.com
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News Snapshot:
Industry 16 min ago This is an AI assisted summary. Swiggy aims to raise Rs 10,000 crore through a qualified institutional placement to strengthen its cash reserves in the quick-commerce market. This will bring its total liquidity to Rs 17,000 crore, close to its rival Eternal's Rs 18,314 crore. However, analysts have given a mixed response to Swiggy's quarterly performance and fundraising plan, citing intense competition. Swipe up for next shorts 2 / 50 Centre’s capex up 40% in H1, fiscal deficit widens Business 27 min ago This is an AI assisted summary. The Centre's fiscal deficit in the first...
Note: Please don’t mind the mess. Some source code may appear in the Snapshot above as we train our A.I.
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