India, Feb. 24 -- Swiggy Ltd shares are in focus on Monday after the company announced a Rs.1,000 crore investment plan for the expansion of its subsidiary Scootsy.

At 10:40 am IST, Swiggy shares were down 1.25% on the Bombay Stock Exchange (BSE), trading at Rs.356.20. This was a drop of Rs.4.50 from the previous close.

Meanwhile, the broader market had experienced a crash at the same time. The benchmark BSE Sensex was down by 772.77 points or 1.03%, reaching 74,538.29, while the NSE Nifty was down by 234.10 points or 1.03%, reaching 22,561.80.

The company made the investment announcement after it conducted a board meeting on Friday.

Scootsy Logistics Private Limited is a fully owned subsidiary of Swiggy and the investment would be do...