Temasek, top funds bid in Swiggy’s $1.1 billion share sale
India’s top asset managers, including Most bids were clustered around 375 rupees ($4.2) a share, they said, compared with the indicative price of 371 rupees, which represents a 6.8% discount to Swiggy’s last closing price. The allotment of shares will happen later this week.Representatives for Swiggy and Temasek declined to comment, while other investors didn’t immediately respond to requests for comments.The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand. Grocer ...