Citigroup sells Swiggy shares worth Rs 12 Cr to BNP Paribas in bulk deal

Citigroup Global Markets, the brokerage and investment banking subsidiary of US-based Citigroup Inc., has sold shares of Swiggy to BNP Paribas Financial Markets, the investment arm of French banking giant BNP Paribas, through a block deal. 

CITI has sold 3.2 lakh shares at Rs 381 each to Paribas Financial Markets worth Rs 12.2 crore, according to data accessed from the stock exchange via bulk deal.

This deal follows the development that Swiggy is to shut down digital storefront platform Minis by Aug 10. Minis has been absent from the Swiggy app for over a year, suggesting a phased wind-down. The platform featured categories such as home-cooked food, handmade gifts, and baking essentials.

Swiggy posted Rs 4,410 crore revenue in the last quarter of the financial year ending March 31, 2025, along with a loss of  Rs 1,081 crore in the same period. Swiggy's food delivery business remains a significant revenue driver, contributing 37% followed by quick commerce.

Swiggy’s stock is currently trading at Rs 392.2 (as of 11:42 AM), with a total market cap of Rs 96,030 crore.