Swiggy Block Deal: BNP Paribas Acquires Shares Worth INR 122 Cr

A block deal involving Swiggy shares worth ₹122 crore was executed by BNP Paribas. A block deal is a single transaction involving a large number of shares, often occurring between institutional investors. This particular deal suggests a significant stake change, with BNP Paribas likely acting as an intermediary or buyer/seller for a large client. While the specifics of the seller or buyer are not disclosed, such transactions indicate institutional confidence or rebalancing of portfolios in unlisted but high-value tech companies like Swiggy. It reflects ongoing investor activity and valuation adjustments in India's thriving startup ecosystem.