Swiggy shares fall over 4% as IPO lock-in expiry ends for 6.5 crore shares

Swiggy share Price: Swiggy's shares dropped by up to 4.4% to Rs 519.50 on BSE in the morning session on Wednesday, following the expiry of a mandatory one-month lock-in period. This release unlocked 6.5 crore shares, or 3% of the company's total outstanding shares, for trading. The decline in stock price is attributed to potential profit-booking by pre-IPO investors.