Naspers’ stake in Swiggy more than doubles on India IPO
Having invested $1.3bn since 2017, the company's 25% stake in Swiggy is now worth $3.4bn
13 November 2024 - 11:10
The Naspers stable is making good on its promise to unlock value from its sprawling global e-commerce portfolio with the value of the group’s 25% stake in Swiggy more than doubling after the Indian company made its stock market debut on Wednesday.
Swiggy officially began trading its shares on the National and Bombay stock exchanges of India (NSE and BSE), valuing the company at $11.3bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.