Swiggy block deal: 3.2 lakh shares worth Rs 12.2 Cr change hands

A Swiggy block deal saw 3.2 million shares worth ₹122 crore change hands, indicating a significant transaction involving the food delivery giant. A block deal is a large, pre-arranged trade between institutional investors, typically outside the regular trading hours to avoid affecting market prices. This transaction likely involved an early investor or a fund selling a portion of its stake, or a new institutional investor acquiring shares. Such movements reflect ongoing adjustments in the valuation and ownership structure of unlisted but high-value tech companies like Swiggy, indicating continued investor activity in the private markets.