Swiggy provides special indemnities to directors, ahead of IPO
Tue, Oct 1, 2024 5:00 PM

Swiggy provides special indemnities to directors, ahead of IPO

A Flip by Avya Verma
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Food aggregator Swiggy has decided to provide special indemnity to board members representing key investors, like SoftBank, Accel and Prosus, against past or future violations by the company, ahead of its initial share sale, sources said. According to the draft red herring prospectus (DRHP) filed by Swiggy on September 27, directors appointed by the three funds would not be held for any failure.

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