<p>New Delhi: Shares of food delivery and quick-commerce major Swiggy declined more than 4 per cent on Wednesday as investors booked profits after the one-month lock-in period for anchor investors expired.</p><p>On the National Stock Exchange (NSE), the stock of the company slipped 4.46 per cent to close at Rs 519.50 apiece.</p>.Swiggy stock plunges 5% amid profit booking, anchor lock-in ends.<p>Swiggy's scrip fell 3.84 per cent to settle at Rs 522.70 per share on the BSE.</p><p>Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3 per cent equity stake, became eligible to trade, opening the doors for the investors to go ahead and sell 50 per cent of their holdings.</p><p>The lock-in period for the remaining 50 per cent of shares owned by anchor investors ends on February 9.</p><p>In terms of volume, 1.43 crore equity shares of Swiggy were traded on the NSE, while 6.51 lakh scrips of the company exchanged hands on the BSE during the day.</p><p>The 30-share BSE Sensex rose by 16.09 points or 0.02 per cent to close at 81,526.14. Snapping its three-day losing run, the broader NSE Nifty advanced 31.75 points or 0.13 per cent to settle at 24,641.80.</p><p>In a regulatory filing on Wednesday, Swiggy said it has introduced One BLCK, an exclusive, invite-only membership for consumers seeking the highest level of convenience and service.</p><p>As per the company, One BLCK is designed to deliver an elevated Swiggy experience, it added.</p><p>Last month, scrip of Swiggy listed with a premium of nearly 17 per cent on the exchanges.</p><p>The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription.</p><p>In quick commerce, Swiggy's Instamart is competing against Zomato-backed Blinkit and another major player like Zepto.</p>
<p>New Delhi: Shares of food delivery and quick-commerce major Swiggy declined more than 4 per cent on Wednesday as investors booked profits after the one-month lock-in period for anchor investors expired.</p><p>On the National Stock Exchange (NSE), the stock of the company slipped 4.46 per cent to close at Rs 519.50 apiece.</p>.Swiggy stock plunges 5% amid profit booking, anchor lock-in ends.<p>Swiggy's scrip fell 3.84 per cent to settle at Rs 522.70 per share on the BSE.</p><p>Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3 per cent equity stake, became eligible to trade, opening the doors for the investors to go ahead and sell 50 per cent of their holdings.</p><p>The lock-in period for the remaining 50 per cent of shares owned by anchor investors ends on February 9.</p><p>In terms of volume, 1.43 crore equity shares of Swiggy were traded on the NSE, while 6.51 lakh scrips of the company exchanged hands on the BSE during the day.</p><p>The 30-share BSE Sensex rose by 16.09 points or 0.02 per cent to close at 81,526.14. Snapping its three-day losing run, the broader NSE Nifty advanced 31.75 points or 0.13 per cent to settle at 24,641.80.</p><p>In a regulatory filing on Wednesday, Swiggy said it has introduced One BLCK, an exclusive, invite-only membership for consumers seeking the highest level of convenience and service.</p><p>As per the company, One BLCK is designed to deliver an elevated Swiggy experience, it added.</p><p>Last month, scrip of Swiggy listed with a premium of nearly 17 per cent on the exchanges.</p><p>The Rs 11,327-crore initial public offer of Swiggy got fully subscribed on the final day of the share sale on Friday, ending with 3.59 times subscription.</p><p>In quick commerce, Swiggy's Instamart is competing against Zomato-backed Blinkit and another major player like Zepto.</p>