Swiggy Sees Block Deal Buzz as Citigroup Mauritius Offloads ₹12.2 Cr Stake

Citigroup Global Markets Mauritius has executed a block deal, selling 320,421 shares of Swiggy Ltd at an average price of ₹381 per share, totaling approximately ₹12.2 crore. The transaction, recorded on July 2, 2025, comes amid heightened institutional activity and mixed sentiment around Swiggy’s quick commerce trajectory.

 

Key Highlights:

Performance Trends:

Strategic Outlook: Citi sees Swiggy’s profitability by FY26, backed by dark store expansion, standalone app launches, and margin improvements.

 

While the block deal signals tactical portfolio rebalancing by Citigroup, Swiggy’s fundamentals and innovationled roadmap continue to attract bullish bets from global brokerages.

 

Source: Economic Times, Financial Express, NDTV Profit