MUMBAI -- Shares in Swiggy jumped 10.5% in their Wednesday debut as investors bought into the SoftBank-backed delivery startup positioned to benefit from India's growing online food and grocery platforms.
The stock opened at 420 rupees ($4.98) per share, up from its listing price of 390 rupees. It then surged as much as 10.9% to 465.8 rupees during the day, before closing at 464 rupees on the National Stock Exchange in Mumbai.
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