SBI Mutual Fund Adds ₹300 Crore Swiggy Stake in Fresh Open-Market Buying
SBI Mutual Fund, through its various schemes, has acquired an additional 1.18 crore equity shares of Swiggy in open-market transactions, a purchase valued at roughly ₹300 crore at prevailing market prices. The move signals continued institutional conviction in the food-delivery and quick-commerce platform even as the sector remains under pressure to balance growth, margins, and competitive intensity.
