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Tag: swiggy instamart

UBS cuts EBITDA estimates for Eternal and Swiggy for the next two to three years. This is why
Stock Market

UBS cuts EBITDA estimates for Eternal and Swiggy for the next two to three years. This is why

UBS has cut adjusted EBITDA estimates for Eternal (Zomato) by 10-18% and for Swiggy by 12-28% for the next two to three fiscal years, citing increasing competition in India’s fast-trade sector slowing margin recovery. The analyst revisions pose a significant challenge for both platforms as they compete for market share in a segment characterized by […]

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Swiggy’s Rs 10,000 crore QIP will take off after shareholders approved the fundraising. Here’s everything you need to know
Stock Market

Swiggy’s Rs 10,000 crore QIP will take off after shareholders approved the fundraising. Here’s everything you need to know

Swiggy’s Rs 10,000 crore qualified institutional placement (QIP) offering opened on Tuesday, December 9, a day after the food delivery and quick-service giant’s shareholders approved the fundraising plan with overwhelming support.In a regulatory filing on December 8, Swiggy announced that the special resolution was passed at the extraordinary general meeting (EGM), with 99.47% of votes […]

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