Tencent exits Swiggy entirely in a block deal worth Rs 982 crore
Tencent sold its entire Swiggy stake to institutional investors. The shares fell 4.67 percent, close to their record low.
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what happened
Tencent Holdings, through a subsidiary, has fully exited its holding in Indian food delivery company Swiggy. According to TradingView, the stake was sold in open market transactions on October 30 for nearly Rs 982 crore.
The seller was Tencent Cloud Europe B V, which offloaded 5.43 crore shares, or 1.96 percent of paid-up equity, at Rs 180.65 apiece. Global and domestic institutional investors bought the entire block, including Aditya Birla Sun Life Mutual Fund, Societe Generale, Nippon India Mutual Fund, Ghisallo Master Fund, Goldman Sachs Bank Europe and Morgan Stanley Asia Singapore.
Following the news, Swiggy shares fell 4.67 percent to end at Rs 176.6, near their record low, on above-average volume.
why it matters
The key point for the market is that a major shareholder left the stock completely, and institutional demand absorbed the whole block. Even so, the shares declined, which points to selling pressure around the exit of a strategic holder.
tags
instruments
sources
- Block Deals: Tencent Holdings exits Swiggy for Rs 982 crore — TradingView, 30 October 2026 at 17:50 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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