Swiggy's Lock-In Expiry to Release INR 3,300 Crore Worth Shares

Swiggy's Lock-In Expiry to Release INR 3,300 Crore Worth Shares

By Manu Vardhan Kannan

Published on February 1, 2025

Swiggy, one of India’s top food delivery platforms, is set to experience a major stock market development as its lock-in period for pre-IPO shares comes to an end. Over the next month, 7.8 crore shares, valued at INR 3,345 crore based on current market prices, will become eligible for trading. This phased unlocking could stir market interest and impact stock liquidity.

The unlocking process will take place in multiple stages. The first batch of 29 lakh shares will be available for trade on January 29, followed by smaller releases of 3 lakh shares on January 31 and 1 lakh shares on February 19. However, the most significant tranche - 6.52 crore shares, accounting for nearly 3 per cent of Swiggy’s total outstanding shares will be unlocked on February 10. The final batch of 96 lakh shares will become tradable on February 24.

The valuation of these shares is based on Swiggy’s latest closing price of INR 428.30 on the BSE. While such a large release of shares could create supply pressure, analysts at Nuvama suggest that the impact might be moderated as a significant portion is held by promoters and institutional investors who may not offload them immediately.

Meanwhile, Swiggy has announced that its board will convene on February 5, 2025, to review and approve its unaudited financial results for the quarter and nine months ending December 31, 2024. This will be the company’s second earnings report since going public.

In its July-September 2024 quarter, Swiggy reported a net loss of INR 625 crore, an improvement from INR 657 crore in the same period last year. However, revenue surged 30 per cent year-on-year, reaching INR 3,601 crore from INR 2,763 crore in Q2 FY24.

Since its IPO in 2024, Swiggy has remained a dominant force in India’s fast-evolving food-tech sector, competing against Zomato and emerging quick-commerce players. With its lock-in expiry approaching, investors are closely watching market reactions and liquidity shifts. Over the past month, Swiggy’s stock has dropped over 21 per cent, including a nearly 3 per cent decline in the last week alone.


AJIO LUXE Launches First Delhi NCR Store at Ambience Mall Vasant Kunj

AJIO LUXE Launches First Delhi NCR Store at Ambience Mall Vasant Kunj

By Hariharan U

Published on May 21, 2026

AJIO has launched its first-ever AJIO LUXE store in Delhi NCR at Ambience Mall Vasant Kunj, marking a major step in the brand’s offline retail expansion strategy.

The new store introduces a curated luxury and premium fashion experience, featuring a mix of international and Indian labels across fashion, footwear, accessories, and lifestyle categories. Designed as an immersive retail space, the outlet reflects the growing consumer demand for experience-led and elevated shopping formats in the Delhi NCR region.

The launch further strengthens Ambience Mall Vasant Kunj’s positioning as a key destination for premium and bridge-to-luxury retail in North India. The mall has recently expanded its portfolio with several global and high-end brands, reinforcing its appeal among aspirational and affluent shoppers.

Speaking on the launch, Arjun Gehlot highlighted that luxury retail is increasingly being driven by immersive consumer experiences, and noted that AJIO LUXE aligns with evolving shopping expectations focused on curation and engagement beyond traditional retail formats.

Over time, Ambience Mall has emerged as a leading lifestyle hub in Delhi NCR, housing a strong mix of luxury retail, fashion, dining, and entertainment offerings. Existing premium brands at the mall include The Collective, Brooks Brothers, Kapoor Watch Company, True Religion, Diesel, and Tira, among others.

With this launch, AJIO LUXE aims to bridge digital-first retail sophistication with an in-store luxury experience, targeting fashion-conscious consumers and young aspirational shoppers across the region.


Summit Hotels & Resorts Expands Presence in Arunachal Pradesh with Rungkhung Village Resort in Dirang

Summit Hotels & Resorts Expands Presence in Arunachal Pradesh with Rungkhung Village Resort in Dirang

By Manu Vardhan Kannan

Published on May 21, 2026

Continuing its growth across the Eastern Himalayan region, Summit Hotels & Resorts has announced the addition of Rungkhung Village Resort in Dirang, Arunachal Pradesh. Launched under The Signature Collection, the new property marks the brand’s continued focus on expanding into emerging destinations with growing tourism potential.

Nestled in the picturesque Dirang Valley and overlooking the Kameng River, the resort has been designed as a boutique mountain retreat surrounded by misty hills, layered valleys, and scenic natural landscapes. Blending local Arunachali influences with modern comforts, the property is aimed at travellers seeking peaceful and experience-driven stays.

The resort offers a range of thoughtfully designed rooms and suites, including Premium View Rooms and Junior Suites. Each accommodation comes with private balconies opening to panoramic views of the river and surrounding valley. Designed with warm interiors, soft textures, and contemporary amenities, the stay experience balances comfort with a strong sense of place.

Food experiences at the resort revolve around an all-day dining restaurant serving a mix of multi-cuisine offerings along with regional Northeast specialities. Guests can enjoy meals while taking in scenic valley views. The property also features landscaped gardens, bonfire setups, and outdoor relaxation spaces that encourage visitors to connect with nature.

Guests staying at the retreat can also take part in curated local experiences and nature-led activities. With its spacious layout and focus on privacy, the property is positioned as a peaceful escape for travellers looking beyond crowded hill destinations.

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Commenting on the addition, Sumit Mitruka, CEO, Summit Hotels & Resorts, said, "Dirang is an emerging destination with immense natural appeal, and we see growing interest from travellers looking for less crowded, experience-driven locations. Our approach has been to create a property that stays true to the destination while offering the comfort and consistency that guests expect from the Summit brand."

The launch of Rungkhung Village Resort reflects Summit Hotels & Resorts continued effort to strengthen its portfolio of boutique properties across the Eastern Himalayan belt, with a focus on destination-led hospitality and experiential travel.


Okhai by Tata Chemicals Launches Contemporary Ajrakh Collection

Okhai by Tata Chemicals Launches Contemporary Ajrakh Collection

By Hariharan U

Published on May 20, 2026

Tata Chemicals’ CSR initiative Okhai has launched its latest Ajrakh collection, a contemporary reinterpretation of one of India’s oldest and most celebrated textile traditions rooted in the craft heritage of Kutch.

The collection has been developed in collaboration with artisan designer Mubin Khatri and his team from Dhamadka, bringing together traditional craftsmanship and modern design across 19 handcrafted garments. The line has been developed over eight months, focusing on blending heritage techniques with contemporary silhouettes and print innovations.

Crafted in breathable cotton and cotton twill, the collection uses natural dyes and traditional methods such as pothai, where fabrics are hand-painted using natural colours. It also experiments with reimagined block-print techniques, separating outlines and filler blocks to create more dynamic and versatile patterns.

A notable innovation in the collection is the use of Ajrakh on twill cotton denim, offering a modern interpretation of the craft while retaining its cultural identity.

Speaking about the launch, Manorath Dhillon said Ajrakh is deeply rooted in history and community, and the collection aims to evolve the craft for contemporary wardrobes while preserving its authenticity.

Sustainability remains central to the initiative, with natural fabrics, eco-friendly dyes, and reuse of existing blocks to reduce waste. Through this collection, Okhai continues its focus on preserving Indian artisan traditions while making them relevant for modern consumers.

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