Madhuri follows BigB, buys Swiggy shares ahead of IPO
By MYBRANDBOOK
Madhuri Dixit has reportedly bought Rs. 1.5 crore worth of secondary shares of Swiggy ahead of the company's upcoming stock market debut.
Recently Madhuri Dixit has bought shares in Swiggy just before its public market debut scheduled for OND quarter 2024. She has bought shares in the secondary market along with Ritesh Malik, founder of Innov8, a co-working space player, now owned by Oyo.
Madhuri and Malik jointly invested ₹3 crore in Swiggy, each contributing ₹1.5 crore, making them equal shareholders in the company. This was also the minimum required investment amount. A secondary transaction is where an existing investor sells their shares in a company to an incoming investor directly without the company’s involvement.
Madhuri has paid Rs. 345 for each share of Swiggy, according to close sources of Swiggy. She has become the second Bollywood celebrity to buy Swiggy shares. In August, actor Amitabh Bachchan also purchased shares.
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