New Delhi, April 25 -- Swiggy, the popular food delivery aggregator, saw its shares tumble 5.64% in intraday trade on Friday (April 25), hitting a one-week low of Rs.321.40 apiece. The decline also marked the biggest one-day fall in Swiggy's share price since February 14.

The stock has been volatile in recent trading sessions due to market speculation around possible exits by some pre-IPO shareholders, whose lock-in period is set to expire on May 12, 2025.

According to SEBI regulations, non-promoter pre-IPO investors are subject to a mandatory six-month lock-in period following the stock's listing on the exchanges. In its latest note, domestic brokerage firm JM Financial stated that 83% of Swiggy's shareholding will become eligible for ...