Chinese multinational technology conglomerate Tencent Holdings through its subsidiary exited Swiggy, the food delivery company, by selling entire shareholding for nearly Rs 982 crore via open market transactions on October 30.
Swiggy shares seem to have reacted to the block deals, falling 4.67 percent to end at Rs 176.6, near its record low levels. The fall was accompanied by above-average volumes.
Tencent Cloud Europe B V on Friday sold 5.43 crore equity shares, equivalent to 1.96 percent of paid-up equity, in Swiggy, for Rs 981.79 crore.
All the shares sold by Tencent in Swiggy were bought by global and domestic institutional investors at a price of Rs 180.65 apiece.
Aditya Birla Sun Life Mutual Fund acquired additional 14.92 lakh shares in Swiggy for Rs 26.95 crore. The asset management company through Aditya Birla Sun Life Value Fund already held 1.12 percent stake (3.08 crore shares) in the food delivery company as of September 2026.