Tencent Holdings has sold its entire 1.96% stake held in Swiggy through open market transactions worth around Rs 981.79 crore. Tencent Holdings, through Tencent Cloud Europe B.V., has offloaded 5.43 crore shares of the company at an average price of Rs 180.65 apiece. Meanwhile, global and domestic institutional investors and mutual funds have bought all the shares sold by Tencent Holdings at the same price.
Among these buyers, Societe Generale has bought around 2.37 crore shares, followed by Morgan Stanley Asia Singapore PTE around 1.32 crore shares, Goldman Sachs Bank Europe SE around 1.06 crore shares, Nippon India Mutual Fund 27.67 lakh shares, Ghisallo Master Fund LP around 26.08 lakh shares and Aditya Birla Sun Life Mutual Fund 14.92 lakh shares.
Swiggy is a consumer-first technology company offering users an easy-to-use convenience platform - to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery network.
