<ul data-eligibleForWebStory="false"><li>BNP Paribas Financial Markets acquired around 3,20,421 shares of Swiggy at INR 381 per share in a block deal worth approximately INR 122.08 Cr.</li><li>The deal represented a discount of 1.3% per share from the closing price of Swiggy's shares on the day, which resulted in a market capitalization of INR 96,267.24 Cr for Swiggy.</li><li>Swiggy recently closed down struggling non-core initiatives like Swiggy Minis and Swiggy Genie, while facing a drop in revenue and increased losses in the platform innovations segment.</li><li>IIFL Capital's 'buy' rating and price target of INR 535 per share led to a 10% stock increase, but noted Swiggy lagging behind Eternal in food delivery and quick commerce.</li></ul>

Swiggy Block Deal: BNP Paribas Acquires Shares Worth INR 122 Cr

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