Swiggy stock tumbles: From 10-minute food and groceries to 10-minute profit booking

The Week

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Summary

Following the listing of Swiggy on the stock market, non-promoters and pre-IPO investors had their shares locked in for a mandatory six-month period. On Monday, the period expired, making 83 per cent of Swiggy stock eligible for secondary market trading from Tuesday, May 13.

Source: The Week

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