India, Feb. 25 -- Shares of foodtech giant Swiggy slipped almost 4% to INR 350.75 during the intraday trading session on the BSE today (February 25).

This comes after the company on Friday (February 21) announced its plans to invest INR 1,000 Cr in its wholly owned subsidiary Scootsy Logistics Pvt Ltd.

Following that, the stock closed the previous trading session (February 24) in green. However, its share price was marginally up at the closing yesterday.

With a drop in its share price today, Swiggy's market capitalisation stood at INR 80,847 Cr at 11:26 AM, with more than 52 Lakhs shares exchanged hands by then.

The stock however slightly recovered at the time of writing and was trading 2.18% down at INR 357 per share on the BSE.

Whi...