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Swiggy stock closes 10% higher on bourses
- Swiggy stock closes 10% higher on bourses
- Shares of Swiggy closed 10.48% higher at Rs 464 a piece on NSE on Wednesday.
- Swiggy aims to raise approximately Rs 11,700 crore to invest in its subsidiary Scootsy, reduce company debt, and expand its dark store network.
- Swiggy's IPO was oversubscribed 3.59 times, largely driven by strong demand from qualified institutional buyers (QIBs).
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