New Delhi, Dec. 10 -- A clutch of investment firms including GIC, Temasek and Nomura have put in a bid to acquire a position in Swiggy's qualified institutional placement (QIP) through which the food delivery platform plans to raise $1.3 billion, or about Rs.10,000 crore, three people familiar with the matter said.
"The QIP has already drawn nearly 4.5x demand from top mutual funds including Kotak, SBI, ICICI, HDFC, Nippon, Axis, and Mirae," a person familiar with the matter said."Temasek could invest anywhere between $100-150 million and the allotment could happen in the next two hours," said a second person. "While high quality FIIs have put in bids, the company is expected to give higher weightage to domestic funds."
All three people...
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