“The approval has been granted by shareholders for the enabling provision to increase the fresh issue component…this means the company can increase fresh capital raise to Rs 5,000 crore if required,” a person familiar with the matter said.

SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size of fresh issue in its IPO to 50 billion rupees ($595 million) from 37.

The IPO Tracker provides an update on Swiggy's Initial Public Offering (IPO), revealing that the company has increased the size of its fresh issue to ₹5,000 crore. This raises the question of whether potential buyers should consider investing in Swiggy or avoid it altogether.

Indian food delivery giant Swiggy, backed by SoftBank, has received shareholder approval to increase the size of the fresh issue in its initial public offering (IPO) to Rs 5,000 crore ($595 million),

SoftBank-backed Indian food delivery company Swiggy received shareholders' approval to use a provision that will allow it to increase the size of fresh issue in its IPO to Rs 5,000 crore from Rs 3,750 crore,

MUMBAI: The shareholders of Swiggy at an extraordinary general meeting (EGM) held on Thursday has approved a resolution to increase the size of the primary issue of its upcoming initial public offering (IPO),