Modern Insulators Limited to invest in 138800 shares of Swiggy Ltd

The Board of Directors of Modern Insulators Limited in its meeting held today, i.e. August 17, 2024 approved to Invest in 138800 Equity Shares of Swiggy Limited for Rs. 360 per share (Amt. invested is Rs. 499.68 lakhs) .

Swiggy is India's leading technology platform operating across diverse categories with large underlying markets, like Food Delivery, Quick Commerce, Other Services (Dine-out, B2b Offerings etc.). This equity ownership is made as a Long term investment.

Shares of MODERN INSULATORS LTD. was last trading in BSE at Rs. 136.20 as compared to the previous close of Rs. 137.60. The total number of shares traded during the day was 21809 in over 318 trades.

The stock hit an intraday high of Rs. 140.00 and intraday low of 135.20. The net turnover during the day was Rs. 2987748.00.

Source : Equity Bulls

Keywords

MODERNINSULATORS INE219W01012 Investment Swiggy