In a notable market transaction, Cyrus Soli Poonawalla purchased 1.1 million shares of Swiggy via a block deal on the NSE, while Serum Institute of India simultaneously sold the same volume. The deal highlights strategic portfolio adjustments within the Poonawalla Group, reflecting confidence in India’s food-tech sector amid evolving investor sentiment.
The National Stock Exchange witnessed a significant block deal involving Swiggy shares, underscoring active institutional participation in India’s food tech space. Cyrus Soli Poonawalla, Chairman of the Poonawalla Group, acquired 1.1 million shares, while Serum Institute of India divested an equal number, signaling a strategic reshuffle within the group’s holdings.
Key Highlights:
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Buyer: Cyrus Soli Poonawalla acquired 1.1 million shares in Swiggy.
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Seller: Serum Institute of India sold 1.1 million shares via the NSE block deal window.
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Transaction Type: Block deal, enabling large-volume trades with minimal market disruption.
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Strategic Implication: Reflects portfolio rebalancing within the Poonawalla Group, shifting exposure from institutional to individual ownership.
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Sector Context: Swiggy continues to attract investor interest as India’s food-tech industry expands, driven by rising consumer demand and digital adoption.
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Market Impact: Such transactions often signal long-term confidence while providing liquidity and reshaping ownership structures.
This development highlights both the dynamism of India’s consumer internet sector and the strategic capital allocation decisions of prominent investors.
Sources: Business Standard, Reuters, NSE Block Deal Disclosures