SBI Mutual Fund raises Swiggy stake above 5% after Rs 300 Cr share purchase

•SBI Mutual Fund acquired 1.18 crore shares in Swiggy for Rs 300 Cr, increasing its stake to over 5%.

•The stake increase triggered a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations.

•Swiggy's domestic ownership crossed 50% in July, while foreign ownership stood at 49.76%.

•Swiggy reported a 7% year-on-year increase in operating revenue to Rs 6,812 Cr in Q1 FY27.