In today’s briefing:
- Swiggy (SWIGGY IN): US$380m Passive Selling Tomorrow & Another CAS Test
- Aequitas: Jio Platforms Pre-IPO – Thoughts on Valuations
Swiggy (SWIGGY IN): US$380m Passive Selling Tomorrow & Another CAS Test
- Following shareholder approval, NSDL updated Swiggy (SWIGGY IN)‘s Foreign Ownership Limit to 49.5% after market close on 1 September.
- On 4 September, Swiggy (SWIGGY IN) will be deleted from one global index and have its weight reduced in another global index.
- Passives need to sell US$380m of Swiggy (SWIGGY IN) and that will be another test for the recently launched Closing Auction Session (CAS).
Aequitas: Jio Platforms Pre-IPO – Thoughts on Valuations
- Jio Platforms is looking to raise up to US$3.75bn in its upcoming India IPO.
- Jio Platforms Ltd (JPL) is a technology and digital services platform company promoted by Reliance Industries, built on a proprietary digital technology stack and pan-India connectivity infrastructure.
- We have looked at the company’s past performance and other deal dynamics in our previous note. In this note, we talk about valuations.
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