New Delhi, Feb. 24 -- Swiggy share price will be in focus on Monday, 24 February 2025, after the food and grocery delivery major announced a major investment in Scootsy Logistics Pvt Ltd.

Swiggy on Friday said it will invest up to Rs.1,000 crore in one or more tranches to expand its wholly-owned subsidiary 'Scootsy Logistics' through rights issue.

"... the Board of Directors of the Company at its meeting held Friday, February 21, 2025, have approved investment by the Company in the equity shares of Scootsy Logistics Private Limited, the wholly owned subsidiary of the Company, up to an amount not exceeding Rs.1,000 crores in one or more tranches, by way of subscription to rights issue upto Rs.1,000 crores towards working capital and othe...