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Swiggy share price in focus today after ₹1,000 crore investment in subsidiary Scootsy Logistics

February 24, 2025 1 min read
author Anamika Mishra [Sub Editor]
Swiggy’s share price is set to be in focus on Monday, February 24, 2025, following its announcement of a significant investment in Scootsy Logistics Pvt Ltd.
 
On Friday, Swiggy revealed plans to invest up to ₹1,000 crore in one or more tranches to strengthen its wholly-owned subsidiary, Scootsy Logistics, through a rights issue.
 
"The Board of Directors, in its meeting held on February 21, 2025, approved an investment of up to ₹1,000 crore in Scootsy Logistics Private Limited through a rights issue. This investment will support working capital and other capital expenditures as part of the company’s business expansion," Swiggy stated in a regulatory filing.
 
The acquisition price per share is ₹7,640, including a premium of ₹7,630 per share or as determined based on valuation, the company added.
 
Scootsy Logistics specializes in supply chain services and distribution, offering warehouse management, in-warehouse processing with value-added services, and streamlined order fulfillment for wholesalers and retailers.
 
The investment, made through cash consideration, aims to enhance working capital and expand operational capabilities.
 
For the financial year ending March 31, 2024, Scootsy reported a turnover of ₹5,195.7 crore.

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Haryana to Start Mustard Procurement Early - MSP, Registration Details

February 21, 2025 2 min read
author Anamika Mishra [Sub Editor]
related

Haryana Chief Minister Nayab Singh Saini on Wednesday directed officials to start procuring mustard from March 15, ahead of the usual March 28, in view of the early arrival of the crop.

He made the remarks while chairing a review meeting held here regarding the purchase of mustard during the Rabi marketing season 2025-26.

Saini said the state government always gives priority to the farmers' interests and works for their welfare.

"Haryana is

the first state where all crops are being purchased on Minimum Support Price (MSP)," Saini said.

While giving instructions to officials, he said farmers should not face any inconvenience in selling their crops. As many as 108 mandis have been fixed for the purchase of mustard, he said.

He directed the procurement agencies, Mandi Board, and related departments to ensure a smooth purchase of mustard.

According to an official statement, the officials informed the CM that mustard is generally grown in 17-20 lakh acres of area in the state, whereas during the Rabi crop season 2024-25, mustard has been grown in 21.08 lakh acres of area.

In such a situation, the estimated production is likely to be 15.59 lakh metric tonnes. This year, the Government of India has fixed the MSP of mustard at Rs 5,950 per quintal.

Saini said to avail of the said support price, farmers are required to get registered and verified on the Meri Fasal Mera Byora portal.

He further said the purchase of mustard in the state will be done by HAFED and Haryana State Warehousing Corporation.


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