New Delhi, Dec. 9 -- Swiggy, the leading food delivery and quick commerce platform, has moved forward with its qualified institutional placement (QIP) after receiving board and shareholder approvals, signaling a fresh fundraising push.

In a filing to the exchanges today, the company stated that its Investment & Allotment Committee approved the opening of the qualified institutional placement of equity shares with a face value of Rs.1 each today, December 09.

The committee approved a floor price of Rs.390.51 per equity share, determined in accordance with SEBI's ICDR Regulations. Additionally, the company said it cleared the preliminary placement document and the accompanying application form required for the issue.

The company further ...